Presuming you are childless and have few expenses you might get away with that. But you'd need closer to £450k when factoring in moving costs and SDLT which is still a wedge on a £1m place.
When did you last apply for a mortgage? It seems like a different game to when we last did it. Our household is more than that but we can barely get £400k with existing lender.
I mean, I literally have a spreadsheet calc showing that with a £450k mortgage at fuck all percentage we'd basically break even when you include childcare provision in expenses.
Presuming you are childless and have few expenses you might get away with that. But you'd need closer to £450k when factoring in moving costs and SDLT which is still a wedge on a £1m place.
When did you last apply for a mortgage? It seems like a different game to when we last did it. Our household is more than that but we can barely get £400k with existing lender.