Help - Buying my first house and worried about the future.

dotdash79

Borrowing 210k is a huge amount for a first mortgage, however you don't say where you live and also what your career prospects are like.

grifferz

You're considering doubling your cost of housing (rent vs mortgage), buying property that you will have to maintain, having a child and getting a car all at the same time. It is basically an insane proposition unless it is very clear that your finances cover it.

As you have found they either don't cover it or only just cover it as long as there are no unexpected problems, this is clear indication that you cannot have everything you want all at once.

You've done the right thing by working it all out. You know what the right answer is. Unfortunately.

Best of luck, OP!

Hockeynut

Marshflower wrote: »

Martin's spreadsheets on here for budgeting are superb if you've not used them, and really do factor in everything.

Is there a particular link where I find Martins spreadsheets (rather than every Tom, !!!!!! and Harry's)?

Thanks.