Thanks all for the advice.. agreed on the flexibility aspect - I do have the discipline to save/invest it and not piss it away so will likely just leave it to grow in time for the next house. Maybe up payment by 20% to a nice round number...
with regards to moving houses in short timeframes - our current place just made so much sense from a financial standpoint. The mortgage payments are less than half of what renting a similar property (Guildford) would be like . We got the reduced first time buyers SDLT so didn't cost too much first time round.... although it will hurt a bit next time round. Over the 5-6 years I anticipate we will be here we will be very much quids in over renting
Thanks all for the advice.. agreed on the flexibility aspect - I do have the discipline to save/invest it and not piss it away so will likely just leave it to grow in time for the next house. Maybe up payment by 20% to a nice round number...
with regards to moving houses in short timeframes - our current place just made so much sense from a financial standpoint. The mortgage payments are less than half of what renting a similar property (Guildford) would be like . We got the reduced first time buyers SDLT so didn't cost too much first time round.... although it will hurt a bit next time round. Over the 5-6 years I anticipate we will be here we will be very much quids in over renting