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FTB Advice
UncleMonty_2
Posts: 19 Forumite
Hi,
Just wondered if anybody could give me some advice on whether or not I am likely to get a mortgage or not.
My (soon to be) wife and I have seen a property we like on the market for £77000. We currently rent at £450 PCM.
I earn 27k and my wife 21k. I'm a Local Authority worker she's a teacher.
We have 10% deposit available.
Debt wise I owe £12800 on my car (£343
PCM) she owes £9000 (£190 PCM). We have one CC with a balance of £2600. Payments on this vary between £100 and £400
PCM although I have set up a standing order to pay it off at a flat £300 PCM. We also pay £33 PCM on interest free credit for our wedding rings, about £800 left on that. Other than it's our student loans that come
straight off our wages.
Take home pay between us is £2800. Last
time I checked we were fine credit wise,
no defaults.
Would appreiciate anyones advice. Cheers.
Just wondered if anybody could give me some advice on whether or not I am likely to get a mortgage or not.
My (soon to be) wife and I have seen a property we like on the market for £77000. We currently rent at £450 PCM.
I earn 27k and my wife 21k. I'm a Local Authority worker she's a teacher.
We have 10% deposit available.
Debt wise I owe £12800 on my car (£343
PCM) she owes £9000 (£190 PCM). We have one CC with a balance of £2600. Payments on this vary between £100 and £400
PCM although I have set up a standing order to pay it off at a flat £300 PCM. We also pay £33 PCM on interest free credit for our wedding rings, about £800 left on that. Other than it's our student loans that come
straight off our wages.
Take home pay between us is £2800. Last
time I checked we were fine credit wise,
no defaults.
Would appreiciate anyones advice. Cheers.
0
Comments
-
Some of the lenders have affordability calculators which you could use and put this info into.
See what the computer say!!!!!!0 -
You want to borrow £69,300
You will be fine in terms of a lender agreeing that for you.
Just look at the monthly repayments to make sure they will be affordable now and in the future.I 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 -
Think you will be able to, its only a small multiplier you need (about 1.5)
R0
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