Bear with me...
So about a year ago, I took a job which requires me to commute from west london to north hampshire, it's about an 1/1.5hrs each way and involves a painful section of the M25. This decision was taken because we have decided to move after the wedding to Berkshire, which our desired area would leave me only 20mins from work. We were both in full time employment and I have an existing mortgage on our 1 bed flat so obtaining a larger joint mortgage wouldn't be too difficult.
Since I took the job, my H's own job situation has changed and he is now essentially self employed for the last 6months. It would appear this is going to make getting a new mortgage rather more difficult than we thought. We are now married and quite frankly, desperate to move. My commute is starting to take it's toll and despite not necesarily wanting a baby right now, we would like to know we're in a position to be able to once we are ready, ie having a house big enough. We'd also like to be able to enjoy life a bit more which for us means getting a dog, being able to have people round for dinner, have bbqs in the summer etc.
If we sold the flat, and moved into a slightly bigger place (but not as big as we want to buy), we'd end up paying about the same per month by the time we factor in how much we would save on fuel.
But is it stupid to consider stepping off the property ladder? Or actually is it sensible to be realistic?
WWYD?
ETA - we have an appt at the end of the month with the mortgage advisor at the bank I have my current mortgage with to see where we might stand but I am not hopeful and trying to think through plan b just in case. H is in denial and is insistant that his income won't be an issue which is why I want a professional to advise us as hopefully even if it is bad news, he will actually listen from them better than from me!
