Hi, Me and my partner (22) are currently renting at £750 a month + bills, we have combined earnings of £47,000 (pre tax) and have £8k saved up. We've found a house for £325,000 which is very spacious and close to local amenities (including good schools etc. for when the time comes). We've been given £200,000 with no strings attached from family towards a house of our choice so the mortgage would "only" be £125,000. We've figured out that at 17 years, a mortgage would be very similar to the rent we are currently paying.
Would this be a wise decision in your opinion PF?
Submitted March 22, 2018 at 07:06AM by Kharenis http://ift.tt/2GdN8U4
