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!

first time buyer morgage

simon_wilkins
simon_wilkins Posts: 8 Forumite
in Mortgages & endowments
Hi i am 25 years of age in full time work always worked since i left school have no bad credit rating.I am looking to buy a house at 95k i will be putting down 40k deposit but can anyone tell me would i get a 55k morgage for over 30years i earn approx 12k a year plus bonuses any info would be great thanks

Comments

  • TrickyDicky
    TrickyDicky Posts: 666 Forumite
    Part of the Furniture 500 Posts Name Dropper Combo Breaker
    55k is pushing it to 4.5x salary, which may be a bit of a stretch for lenders. Go and speak to a whole of market broker.
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
  • 352.5K Banking & Borrowing
  • 253.7K Reduce Debt & Boost Income
  • 454.5K Spending & Discounts
  • 245.5K Work, Benefits & Business
  • 601.4K Mortgages, Homes & Bills
  • 177.6K Life & Family
  • 259.4K 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