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!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

first time buyer

spazanna1
spazanna1 Posts: 1 Newbie
in Mortgages & endowments
im 24 a new teacher earnig 230000. im wanting a mortgage of about 80000 and have a 10% deposit..... what is the best mortgage?

Comments

  • herbiesjp
    herbiesjp Posts: 8,499 Forumite
    Best depends on your own circumstances - however there are deals like a 4.75% tracker available
    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.
  • Cannon_Fodder
    Cannon_Fodder Posts: 3,980 Forumite
    spazanna1 wrote: »
    im 24 a new teacher earnig 230000.


    wow, must get qualified to be a teacher, sharpish...
  • Conrad
    Conrad Posts: 33,137 Forumite
    10,000 Posts Combo Breaker
    I have £5000 for a summer holiday, which is the best holiday please?
  • dimbo61
    dimbo61 Posts: 13,727 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Hi
    sorry for all the funny people on here
    Conrad two weeks in Blackpool for you !
    Are you on a short term contract like most new teachers ?
    You are now earning £23,000 a year and £8,000 in savings YES
    If you can find a property for £80,000 and build up your savings to say £12,000 or 15% deposit you stand a better chance of getting a mortgage but the lender might want you to have a permenant job.
    GOOD LUCK
  • poppy10_2
    poppy10_2 Posts: 6,597 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    Conrad wrote: »
    I have £5000 for a summer holiday, which is the best holiday please?
    Whatever you do, don't go on a shared holiday - they are a scam. Avoid.
    poppy10
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
  • 353.5K Banking & Borrowing
  • 254.1K Reduce Debt & Boost Income
  • 455K Spending & Discounts
  • 246.5K Work, Benefits & Business
  • 602.8K Mortgages, Homes & Bills
  • 178K Life & Family
  • 260.5K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K 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