Is a £1.15m property too much
33M and 32F here. Joint gross annual income of ~£275k.
No kids. No cars. No debt. Like travelling and good wine, but also want to retire early 50’s.
Joint pension and savings is around £150k and we also have a £250k cash deposit for a house.
About to buy a property worth £1.15m with the above deposit.
Mortgage would be £3.8k per month, with joint net salary at £11k per month.
Are we being dumb? Should we buy a cheaper place or is this a reasonable next step.
Undecided on kids.