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Mortgages for First Time Buyers HELP!

I am completely new to house buying but am looking to move out of rented accommodation like so many others! I wondered if anyone could suggest a possible first step to getting on the property ladder.

I currently earn £27000 a year and my wife does not work, is there anything I can do, eg. housing partnership, 100% mortgage? Any help would be greatly appreciated. thanks!!

:money: :money: :money:

Comments

  • wymondham
    wymondham Posts: 6,356 Forumite
    Part of the Furniture 1,000 Posts Photogenic Mortgage-free Glee!
    Wall-E wrote: »
    I am completely new to house buying but am looking to move out of rented accommodation like so many others! I wondered if anyone could suggest a possible first step to getting on the property ladder.

    I currently earn £27000 a year and my wife does not work, is there anything I can do, eg. housing partnership, 100% mortgage? Any help would be greatly appreciated. thanks!!

    :money: :money: :money:

    What amount of deposit do you have? The days of 100% are pretty much over, so you might need to hunt around locally for housing schemes.... That aside it's not a good time to be buying ... have you read up on the economy and the vast array of threads in here with people looking to do similar to yourself?
  • herbiesjp
    herbiesjp Posts: 8,499 Forumite
    And:

    Do you have any other debts in the background?
    Do you have a clean credit history?
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
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