Is this feasible?

Thrugelmir

kriss_boy wrote: »

Yes, thankfully.

Have you made a full mortgage application? As would appear that you are looking for a 90% LTV.

Simon_gloster

90% ltv and the income multiples start to reduce.

kriss_boy

Thrugelmir wrote: »

Have you made a full mortgage application? As would appear that you are looking for a 90% LTV.

Yea Ive got it all in writing-Lloyds say my 10% deposit is fine. It means I can only get a fixed rate of 5.19%.

Is this generous of them?

shortchanged_2

I would say your biggest problem would be any potential children in the future. They are expensive!

You will need to factor in such things as loss of/decreased income, childcare costs, increased costs such as food, clothes etc, etc.

http://www.telegraph.co.uk/finance/personalfinance/consumertips/household-bills/9823143/Cost-of-raising-a-child-hits-record-222000.html

Just something for you to mull over.