Spotted by Lola in The Telegraph:
[The couple has] no debts apart from a £40,000 mortgage on their home, which is worth £130,000. They bought the house for £50,000 through the Right to Buy scheme in 2013 and so they can’t sell it for another three years...
Georgina Partridge, partner at Plutus Wealth Management:
"Stuart’s goal to upsize to a three-bed house is certainly achievable on the couple’s current level of income. In three years, they expect the equity in their current home to be £70,000 [it's £90,000 already!]. This can be used as a deposit for their new property or split into a deposit for a new house and a buy-to-let.
A three-bed property in their area will cost around £160,000. If they put down the full £70,000 as a deposit, they will have access to good rates with most lenders. For a buy-to-let, they should be looking at a 25pc deposit. If they split the £70,000 equity, £40,000 could go towards the new home, leaving £30,000 for a buy-to-let."