So it’s a normal next step; get married then settle into a new home. Once the stress of organising the big day’s done, it’s the natural expectation that all’s left is post-marital, worry-free bliss in a wonderful new home.

Not a chance! Stress-free house hunting that is (I’m happily married!).

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My wife and I have only recently started combing Wimbledon for our first purchase together so it’s no surprise that we share many of the concerns today’s buyers in our position have.

We have between 10-15 per cent  as a deposit for the type of property we’re looking for, in the area we’re looking for. It’s quite realistic.

Although to state the obvious – there’s a sizeable discrepancy between the two figures in terms of property, mortgage options and general piece of mind.

A ten per cent  deposit means we get a slightly bigger home, in a slightly nicer area, with slightly posher neighbours. For the most part, great!

Aside from the rate, I’m feeling a little underwhelmed about the prospect of a variable rate mortgage.

Surely the only direction rates will head is up, and if they do in the short-term, we’ll have to remortgage if our monthly repayments become ridiculously high. We are 18 months too late to profit from a variable rate mortgage - aren’t we?

With only ten per cent equity, if prices fall and rates increase, we will have to find some further equity to remortgage. So I’m leaning towards the security of a 15 per cent deposit.

But I’d prefer to live in the ten percenters – they’re much nicer! I’ll keep you posted on our progress.

Related Tags: FTB, Buying & Selling, Househunter, General, Honeymoon

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