We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Confused about mortgages :(

xJacx
xJacx Posts: 1 Newbie
in Mortgages & endowments
Hi,
Basically I'm a 1st time buyer - I earn 24k a year and have a 30k deposit for a house - does anyone know how much I could borrow on these facts???? I have a partner but I want to keep the mortgage in just my name and just me on the deeds in case thing's don't work out between us. Can I afford to get a house with just my salary????

Thanks for any help guys

Comments

  • Ianharrison2000
    Ianharrison2000 Posts: 65 Forumite
    Part of the Furniture Combo Breaker
    I am in a very simular situation myself at the moment, and have been told by my broker I can borrow 5 times my income as the deposit is quite large.

    Good luck with it!
  • herbiesjp
    herbiesjp Posts: 8,499 Forumite
    What purchase price are you looking at?
    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.
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.7K Banking & Borrowing
  • 253.4K Reduce Debt & Boost Income
  • 454K Spending & Discounts
  • 244.7K Work, Benefits & Business
  • 600.1K Mortgages, Homes & Bills
  • 177.3K Life & Family
  • 258.4K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture