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Well done, that all sounds very sensible.
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FWIW - we're borrowing 75% of what we 'could' borrow.
And Howard was right in that if we 'needed' to find that money we theoretically could, but we didn't want to.
Isn’t that akin to saying that the down valuation had zero impact on you and you didn’t have to stump up any more equity, as the bank would have lent you 33% more anyway?
Seems a bit like bad faith to price chip on that basis.
Fox
NickCJ
@rogan
FWIW - we're borrowing 75% of what we 'could' borrow.
And Howard was right in that if we 'needed' to find that money we theoretically could, but we didn't want to.
Our new mortgage and with household bills will be 35% of our joint income. So I dont think its fair to say we've stretched ourselves too thin. Rather the opposite we're trying to get what we want while being reasonably sensible.