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first time buyer help please!
Comments
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PHD or Job shouldn't make much difference as long as you have an income and on the safe side in employment more than 3-6 months.
Even if there's 90% mortgage available, the interest they charge won't be low. The most important thing I would like to know is - based on yours + partner's salary and £10k initial deposit, you can probably buy something like £100K max. Are you planning to buy somewhere in london? I don't know if you can find anything 100k around london except in rundown areas + studio- unless you are joining those partial buy/rent schemes from local councils?0 -
and you also need to be comfortable enough to be able to survive a blip in finances. I thought my hubby was on a good salary until three weeks ago, and he is 49. nothing is safe. It's impossible to be able to buy a property on one income in this market, but enough savings to be able to last a 3 mo blip is critical0
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