Should I put myself into £450,000 debt (mortgage) to buy a £1m London house or stay in a 1 bed flat along the river with £200,000 banked?

Other answer:

where do you want to live, do you want to obligate yourself the this kind of debt or feel secure with the money in savings
do you have the income to support the purchase, lots of questions to think about rather than a cold cut and dried answer
Go see your financial advisor about the finances and ask your parents/siblings/friends if you can't make up your own mind
How about actually asking local educated adults for actual info locally as u didn't give any real world info.
Are you single? If so, stay in the flat.
Whether you can afford it, depends totally on your monthly income.

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