Make sure you check out the LISA, you've not got a great deal in the HTB ISA for the bonus to be worthwhile. If you're going to be saving for the next 12+ months, then you can get a 2k bonus from depositing 8k. Depending on how much you can both save each month, you can open one each and double the bonus - again assuming neither of you have owned a property before.
Yeah i don't want to put a downer on it, but first thing is being realistic about what's affordable to you both - have a read of some of the horror stories in this sub-forum, or even over on MSE where people find they have unaffordable mortgages.
If you're looking at 240k, then that's quite a bit of a deposit you'll both need to save.
Yeah, thank you for the insite
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Indeed though, realistically speaking we probably can't afford that any time soon
regardless of how much they pay - more money is more money.
when i was saving for a deposit. i worked a second job where they pay ranged from minimum wage to £15 an hour depending on the role assigned. also shifts could be as little as 3 hours to as much as 12 hours.
with it being a second job it was all taxed with no deductions as my main job got all those. so sometimes you were walking away with peanuts.
your combined income is around the 45K mark i believe so that means you can get a mortgage for around 180K which means you need a deposit of around 80K if you are looking to buy a place worth 240K. because 20K of that deposit will be eaten up by solicitors fees, stamp duty, furniture, other costs, etc. remember you will have to fully furnish the place which means beds, dining tables, tv's, couches, coffee tables, washing machines, etc. all of this stuff costs money then add in stuff like cooking appliances, kettles, irons, carpets and anything which needs doing.
also how are you planning on splitting the bills with you earning more than double your partner? what happens if it doesn't work out? have you looked at how expensive council tax is on a £240K property?
the reality is you are going to be paying more to enjoy the same stuff so she is essentially getting a lot more for her money. this isn't an issue for high earners but at the lower end it can cause friction. especially since her wage is below minimum wage full time employment.
It was more to replace existing work with a permanent role that's more of a guaranteed income.
Bills are bills, if I earn more than i put more in, simply really. Welcome to marriage
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As for furnishings we live in a flat essentially now, so I have our own furnishings, sofa, TV, bed, side table, wardrobe etc etc
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