Original post by joey11223......850 for a flat....lol that's so alien. What sort of deposit is that with? 10% or more? I assume the flat's price is 200-250,000? Damn I'd be looking at a 3-4 bed house for that
See as I say, unless there's a few hundred going missing somewhere, he should be able to pay more.
Let's say he paid £300 at first (you paid £500-550), pays £275 on his other commitments. Has £575 left, pays £300 a month towards living costs, has £275 left, yeah it's not loads, but really when you're both working full time you're probably not spending tons. There's also the fact once the car loan ends he can then pay either 50/50 with the mortgage or contribute more to living costs.
You will have to pay for more than him, but with those figures it would seem to me to be an affordable thing, assuming you're repaying you're student loan on the pre 2012 system? I've done a 3% pension contribution, could be more.
But with that in mind you take home £2,070 ish after tax, he takes his £1,150 ish. So £3,220. £38640 after tax each year. To me that's an amount you shouldn't struggle on, I'd be ******* made up with that lmao. though I suppose it is London, depends on what you're buying each month. But utility bills shouldn't be higher purely due to location, and heating a flat is cheaper than heating a 3 bed house, I've graduated and had to start with a pretty low band 2 (incl weekend rota shifts about £16k), partner is on slightly less even, but I've done the sums and for here, can make it work with a mortgage on a 2-3 bed. You should have an easier time of it really.