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Is this possible
gingerdad
Posts: 1,920 Forumite
We are just looking into the possiblity of moving house. We would have approx 140k deposit on a 285k house. our total earnings currently are 37k, we have no other debt, would it be possible on our salary to get a 140-150k mortgage. Any thoughts?
The futures bright the future is Ginger
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Comments
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Without knowing all your details it's impossible to give a definate answer.
However looking at the income multiples etc I would say it seems do-able yes.
Hope this helps
Andy0 -
Myeslf and my partner have almost identical gross earnings to youself, we had no debt (apart from student loan) and we have managed to obtain 138000 with a 10% deposit on our first property with the Alliance and Leicester.
Nationwide also appear top be offering mortgages based on affordability too.
I would say that with your deposit there should not be any major issues.0 -
As Andy rightly says - it seems do able, but difficult to be definate without knowing your exact circumstancesI am a Mortgage AdviserYou 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.0
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