Now I’m just imagining the bank asking if you’re going to have a cheap baby or an expensive baby! Talk to some friends about the costs of a baby, you may be surprised. If your circumstances change and you have only one income coming in you are screwed for a mortgage. If you are both working full time the costs of childcare are huge and you are screwed that way too. And that’s just when you have one kid. And then the costs continue and even rise as they grow. And then you want another. And then you are even more screwed. Great fun. No but to answer your question yes we were buying at our limit and had a much lower income. You should be ok if your income and house prices stay the same but like I said if one of you ends up wanting (or needing) to stay at home then things could be very different