First time buying advice

ashleigh1984

Me and my partner are looking into buying a place together in the next few years so thought i would try get some advice on how to do things.
I would say our combined income is currently around £37000ish a year. We have a £10000 deposit and we are currently saving to get a little bit more. Not looking at doing anything till at least jan next year. I would say my credit record is good, and hers is probably average. By the time we are ready my outstanding debt will be car finance and around £2000ish on a loan. Are we likely to get a mortgage? If so how much are we likely to be lent?

Thanks in advance

ACG

You probably would, but i think the deposit needs to be upped.

I would say you could probably get around £130-140k tops on a mortgage but you would need to increase your deposit to 10%.
That does take into account the loan to some extent but what are the monthyl repayments and how long is left on it?

ashleigh1984

Monthly repayments are £190 and by then will be about 12 months left on that.