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We can't afford to live together and have children

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Comments

  • JPB156
    JPB156 Posts: 91 Forumite
    A lot of advice sites say mortgage should cost no more than 40% of total income and I'm thinking it could be about half, am I supposed to ignore that advice?
  • Guest101
    Guest101 Posts: 15,764 Forumite
    JPB156 wrote: »
    A lot of advice sites say mortgage should cost no more than 40% of total income and I'm thinking it could be about half, am I supposed to ignore that advice?

    Your mortgage is £1200? On £150k? Really??
  • JPB156
    JPB156 Posts: 91 Forumite
    It would be 600 for first 5 years but would quickly double if interest rates return to more normal levels
  • arbrighton
    arbrighton Posts: 2,011 Forumite
    Ninth Anniversary Combo Breaker
    IF

    If


    IF

    IF
  • JPB156
    JPB156 Posts: 91 Forumite
    Yes if surely you have to be prepared
  • arbrighton
    arbrighton Posts: 2,011 Forumite
    Ninth Anniversary Combo Breaker
    There's being prepared and there's being so flipping risk averse you don't do anything.
  • mije1983
    mije1983 Posts: 3,665 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker Name Dropper
    JPB156 wrote: »
    am I supposed to ignore that advice?

    Well you seem to be ignoring all the advice that people are giving you here, so why should any other website be different!
  • JPB156
    JPB156 Posts: 91 Forumite
    So people should say oh to hell with it, I can afford it today so it will be fine tomorrow?
    Isn't that how people get into trouble
  • mattpaint
    mattpaint Posts: 294 Forumite
    Yes. Don't buy a house ever. Problem solved.
  • JPB156
    JPB156 Posts: 91 Forumite
    Yes what say to hell with it or that's how people get into trouble
This discussion has been closed.
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