First Time Buyer, No Deposit

dean182

Hi all,
I would like to know the possibility of finding an 100% mortgage. We can however cover all the other costs.
My hubby earns £25500, with a yearly bonus of around 15% of his salary, I have recently started my own business and am bringing home around £5000 minimum, plus we have child benefit and tax credit which comes to around £2000. The house we would like to buy is up for £114.950. We have clear credit and have one loan that costs £218 per month with 5ish years to go. We have 3 children and currently spend £500 per month on rent.

I would really appreciate any advice you could offer.

Mr_helpful

Its going to be tight as you will find you cant use the benefits or your earnings unless you have accounts. Also lenders dont tend to like a yearly paid bonus, Dont give up though consult an independent fees free broker. there are plenty around.