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First time buyer
SimonDance
Posts: 59 Forumite
Good morning,
I am a student graduating this june, and my partner and I would like to make plans to buy within the next year. As I understand, I will need to get around 6 months employment history behind me in order to qualify for a mortgage... is this correct?
Furthermore, on average are mortgages calculated at around 4 times your combined salary?
I guess I just need to have something to aim for, I think we are going to rent first of all... I just hope it doesnt zap all of our savings.
I look forward to your thougths.
Si
I am a student graduating this june, and my partner and I would like to make plans to buy within the next year. As I understand, I will need to get around 6 months employment history behind me in order to qualify for a mortgage... is this correct?
Furthermore, on average are mortgages calculated at around 4 times your combined salary?
I guess I just need to have something to aim for, I think we are going to rent first of all... I just hope it doesnt zap all of our savings.
I look forward to your thougths.
Si
Had to pull out of the "Money for Nothing Challenge" workload has just proved to much... 
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POSTED TWICE, PLEASE DELETE THIS ONE:
Sorry.Had to pull out of the "Money for Nothing Challenge" workload has just proved to much...0
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