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Opinions on our mortgage amount per month
Comments
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As a first time buyer, getting the keys on Thursday (fingers crossed!), my mortgage will be 36% of my wages. I know i'll struggle with that, but i think its do-able, i might get a part-time job as well to supplement my income though.
The way i'm looking at it is, i'm on a starting wage, and due to have a large pay increase in a few months time. Then it wont be any bother.
To the OP - personally i would ditch the car and get one that you dont need a loan for. An extra £400 per month is a lot of money, overpayments towards that huge mortgage?
Also another thing to consider is that interest rates are currently about 5%, and inflation is about 2.5% of that.A bargain is only a bargain if you would have brought it anyway!0
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