u/G83377

My (29) partner (28) and I are first time buyers in the south east of England and wondering if we’re stretching ourselves too much.

Combined take-home pay is about £6,300/month (£3,400 + £2,900). I work in cyber security and my partner is a UX designer. We’re considering a 4 bed detached house at ~£575k with a ~£245k deposit, so the mortgage would be around £330k with payments of roughly £1,700/month for a 35 year, 3 year fixed rate mortgage.

We own our car outright, have no debt, and no kids yet (but would like 1–2 in the next 5 years).

What makes us unsure is that we’ve lived with parents while saving, so we haven’t really experienced full housing/living costs for a while. We’re worried we may be underestimating the true cost of bills, maintenance, childcare in future, etc.

Does this sound sensible for our income, or are we taking on too much for a forever home?

My (29) partner (28) and I are first time buyers in the south east of England and wondering if we’re stretching ourselves too much.

Combined take-home pay is about £6,300/month (£3,400 + £2,900). I work in cyber security and my partner is a UX designer. We’re considering a 4 bed detached house at ~£575k with a ~£245k deposit, so the mortgage would be around £330k with payments of roughly £1,700/month for a 35 year, 3 year fixed rate mortgage.

We own our car outright, have no debt, and no kids yet (but would like 1–2 in the next 5 years).

What makes us unsure is that we’ve lived with parents while saving, so we haven’t really experienced full housing/living costs for a while. We’re worried we may be underestimating the true cost of bills, maintenance, childcare in future, etc.

Does this sound sensible for our income, or are we taking on too much for a forever home? Would appreciate anyone’s thoughts / experience from a similar situation