Currently our mortgage payment is £500, we pay £950 (which is what it was initially, so we just kept the payment the same). Borrowing £600,000 would cost around £2,300/month, so an uplift for sure but manageable. That would give us £100,000 to spend on an £800,000 house.
Currently our mortgage payment is £500, we pay £950 (which is what it was initially, so we just kept the payment the same). Borrowing £600,000 would cost around £2,300/month, so an uplift for sure but manageable. That would give us £100,000 to spend on an £800,000 house.