Mortgage and Rent

quackers82

Currently there are 4 of us in an apartment paying per month

£900 - Rent
£257 - Electric
£50 - Sky
£142 - Council Tax
£12.50 - BT Line
£11.50 - TV Licence
£25 - Internet

Which is almost £1400 per month in outgoings

Now early next year i would like to get a mortgage. But i'm only on £25,000 a year, and even at best 5x multiplyer i could only get £125,000 mortgage.

Now the 3 people i currently live with have said they would rent of me no problem if i got my house.

My question is will them renting of me be taken into account when i go for a mortgage. They have said they are happy to pay around £350 a month each, which is a lot of income.

If it will be taken into account will it boost my amount i can borrow by much? Also NON of them want to be tied into a mortgage so going for a joint one between us is not an option.

_Andy_

How much deposit do you have saved up?