I think the thing is you need to first figure your requirements. Do you have a lot of storage space? What do you want to look at? What are local light conditions like? How easy do you want to make it?
£400 can get you a large dobsonian.
https://www.firstlightoptics.com/dobsonians/skywatcher-skyliner-200p-dobsonian.html but then you need eye pieces, maybe need equipment to collimate it. It is big and takes up a lot of space but you get as lot of light gathering for your money.
Do you want to view planets only, do you have the dark skies to view deep space stuff? Do you want an alt-az mount or are you wanting to learn about equatorial mounts? Alt az can't really be used for long exposures where as equatorial mounts can (this is a very very basic statement).
Honestly, before splashing £400 I'd say have a read around about the capabilities of different options for what you want, and your requirements. I started with a set of £100 binoculars.
Edit : Also ignore magnifications, it's just marketing imo. For example a telescope may be advertised at 400X magnification, it might be able to do 400X magnification, but you won't see anything. The viewing conditions based on the atmosphere is in most cases the limiting factor