Overpay or wait and pay cash?

Thrugelmir

Fireflyaway wrote: »

The house we currently rent was purchased for £200,000 where as the properties we are looking at to buy are around £385,000 to £420,000 mark, hence why the rent v mortgage payments are quite different. Would hope to put down a 10% deposit.

Then you've the added thought that at some point interest rates will rise. On a debt of that size even modest increases will mount up. A 10% deposit won't get you the best rates either.