Getting a mortgage

xstephyx1990 · 7 October 2011 at 1:09PM

Myself and my partner have found a property we want to buy but not sure if we will get a mortgage. The property is £65000. I work full time and earn just under £12000 and my partner became self employed 6 months ago. We have a guarantor and a 10% deposit which we could stretch to 15%. We also thought about getting a buy to let mortgage and renting the property until my partner has 2 years of books if we couldnt get a normal mortgage. We have never bought a property before so its all new to us and abit confusing so any advice would be good!

Meeper · 7 October 2011 at 1:10PM

My advice would be to visit a mortgage adviser.

xstephyx1990 · 7 October 2011 at 1:14PM

we are going to one tomorrow morning but wasnt sure if we were wasting our time and because we dont know much about all of this we dont want to be sat there and not have a clue what they are going on about!

Meeper · 7 October 2011 at 1:37PM

If they say anything you don't understand, ask for clarification.

MFSaver · 7 October 2011 at 2:26PM

xstephyx1990 wrote: »

we are going to one tomorrow morning but wasnt sure if we were wasting our time and because we dont know much about all of this we dont want to be sat there and not have a clue what they are going on about!

If you do not understand much about mortgages, you are likely to be more confused if you rely on online forums because different people will give different advice, and some people will give wrong advice. A mortgage advisor might be more appropriate for your needs.

Do as the above poster says, and ask for clarification if you are not sure about something. There is nothing wrong with asking for clarification, and do not feel embarassed if you do not understand everything right away. It could be that the mortgage advisor is prone to using industry jargon, instead of plain English.