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New mortgage help
Comments
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Speak to a broker - in any case there will only be a couple of lenders willing to lend such a high multiple of your income.0
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If you buy a property under £250k you only pay 1% stamp duty so £2500 and not 3% ( over £250k)
With a £70k deposit that works out at 4 1/2 X income Mortgage of £180k
Are you buying on your own or with Partner ?
I would go for a long term fix of say 5 years for security ( ONLY if you intend to stay in the flat for 5 years +)Your income will increase over that time !!
If you buy a 2 bed flat you can rent out second bedroom.
Try and keep LTV below 75% best deals consider offset ( First Direct)0
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