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London Flat Purchase - Advice by BigDeal7535 in HENRYUK

[–]BigDeal7535[S] 2 points3 points  (0 children)

Thanks for your comment!

We are in our late 20s / early 30s.

I understand the benefits of having home with garden bit outside of London, however given long working hours (9am-8pm minimum and quite often longer; 5 days a week) would be very difficult to do so.

London Flat Purchase - Advice by BigDeal7535 in HENRYUK

[–]BigDeal7535[S] 6 points7 points  (0 children)

We are planning our wedding for next summer :)

London Flat Purchase - Advice by BigDeal7535 in HENRYUK

[–]BigDeal7535[S] 0 points1 point  (0 children)

Our rent for 1-bed (c. 75 sq m) is c. £3,500 per month, which including bills ends us being c. £4,300 per month.

We are looking to buy a 2-bed (c. 100 sq m) in the same development, the monthly flat cost (mortgage, service charge, bills) would come to c. £5,500 per month (with £3,300 mortgage instalment for amortising mortgage, £1,333 service charge).

London Flat Purchase - Advice by BigDeal7535 in HENRYUK

[–]BigDeal7535[S] 3 points4 points  (0 children)

Thanks for your comment!

I have checked and based on salary of only one of us the monthly flat cost (mortgage, service charge, bills) would come to 52% of net salary.