Would you take the leap in my situation?

SMeister1997

@RelievedSheff Thanks for the comment. With the inheritance money i have i would more than likely end up spending it on a bigger house anyway so its not a case of how its more when would i use it, its just come a bit earlier than expected but like you said i'm still young so i have plenty of time to save for retirement, I have a workplace and private pension.

Albermarle

https://forums.moneysavingexpert.com/discussion/comment/82084434#Comment_82084434

In case you are not aware the small downside to saving into pensions, is that by the time you get there, you will not be able to withdraw from them until maybe age 59/60. This would still be early retirement for most people, but if you were thinking of earlier, then maybe keep topping up your S&S ISA as well as adding to pensions.

 Our total income is around £65k, i'm a Director of a company and my partner is a sales manager. 

It is a reasonable household income, and hopefully at your ages this can keep increasing. However as mentioned by another poster, could you manage on one income ( plus child benefit etc ) at some point ?

Herzlos

https://forums.moneysavingexpert.com/discussion/comment/82084427#Comment_82084427

It sounds like it's worth the risk then. It's all good and well to suggest waiting to upsize later but if the house you want isn't going to be available then it's meaningless.

We did similar, upgraded before we were quite ready to, but there hasn't been a comparable house on the market in the 3 years since so if we waited we'd have had to compromise.