First time buyer advice needed...

iamwado

Hi,

I'm potentially a first time buyer looking to move in with my girlfriend. She has around £20k in savings and I could raise 5. Currently combined salary is around £46k so have guessed at 150k as a sensible figure when looking online?!

1) is it even worth buying at the moment, or renting and saving a bigger deposit?

2) I assume it is possible for her to pay a bigger deposit and make smaller repayments such that in the end we would both have paid for half the house? Can this be written into the contract?

3) Is it better to go for a cheaper house so that we have a bigger % as a deposit?

4) Is it best just to speak to mortgage broker direct rather than posting on forums like this?!!?



Thanks in advance,

Andrew

iamwado

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