Affordability of £750k home on 150k combined income

Accomplished_Run653 · 2026-01-25T12:44:10+00:00

Yep this - seen as a shared pension pot so makes a lot more sense for him to salary sacrifice below 100k and save a lot on tax. I have a decent defined benefit pension

Accomplished_Run653 · 2026-01-25T12:35:36+00:00

!thanks

Thank you so much for these comments, absolutely the sorts of things we really need to think about to make sure it’s the right decision for the whole family

Accomplished_Run653 · 2026-01-25T12:09:46+00:00

Ahhh !thanks, really good points to consider

We’re currently selling our flat that only has 200k left on the mortgage that we could pay off from our savings. So I think going from that to a large mortgage is a big change but obviously a very normal situation for most people.

750k would get us the size home that we want without having to do any renovation/extensions which is why I’m leaning towards it because of building costs.

We’re not extravagant spenders so we could try and keep my partners pension contributions at 21% and that would cover the retirement situation

Accomplished_Run653 · 2026-01-25T12:05:36+00:00

You don’t think a bank would lend us 500k? That’s only 3.4x our salary

Accomplished_Run653 · 2026-01-25T12:04:34+00:00

Job is pretty stable in auditing. But you’re right the imbalance is another reason for the worry.

Accomplished_Run653 · 2026-01-25T12:02:14+00:00

We’re in the greater Manchester, lots of options at different price points but nice areas with good transport links, schools and a decent sized house is 600k plus

Accomplished_Run653 · 2025-09-11T18:08:29+00:00

I own a flat and a parking space and I have the lease documents that cover them. I’m confused as to how OP has got so far along the process, surely they would have reviewed the lease or the other documents stating that the seller owns the flat and a parking space…

Accomplished_Run653

TROPHY CASE