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FTB mortgage
tony_baduk
Posts: 112 Forumite
Me and my wife have a combined salary of £34,000 per annum.
I think we can get a mortgage for around £139,000 on our income - can we get a higher mortgage than this? Or will most lenders not risk this.
Generally we don't have any debts apart from general household expenses.
I am happy to provide further info if required.
Thanks.
I think we can get a mortgage for around £139,000 on our income - can we get a higher mortgage than this? Or will most lenders not risk this.
Generally we don't have any debts apart from general household expenses.
I am happy to provide further info if required.
Thanks.
0
Comments
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Potentially you can get higher than that.
It will depend on what mortgage term you are looking at, what the purchase price is, what deposit you have and what your credit score is like with any particular lender.
As long as you have no credit commitments i.e. cards/loans/HP etc - then al lender will be able to take into account 100% of your incomeI 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 -
I will have no credit card or HP to pay.
I am looking at a 30 year mortgage. I am 25 and my wife 24.
I've been looking at properties around the 170,000 mark - I'm guessing that it maybe possible to pick up a mortgage with our income.0 -
You should be fine - what deposit do you have?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
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I should have a deposit of around £10k plus around £5k for solicitors etc. and another £4k for furniture etc.0
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