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Dramatic_Hammer
Surely extending will also bring you the benefit of living in a nicer, bigger place? Regardless adding M2 usually = increase in value relative to the market. So if you're not selling immediately anyway and the market drops, you will suffer either way, and having a better property may put you in a better position.
Is there anyway you could trim some of the costs? Brevitt toaster instead of Dualit, etc.?
My 2p;
90mins each way = an abhorrently shit quality of life. There's a thread on here where people who've had to move out of London justify why it's been a good move. Go read it if you want to be swayed. I'd say if you are lucky enough to have a home in London and can afford it, never* leave.
*unless you're emigrating obvs.