Advise for FTB

housewanted44

I have been monitoring these forums for a long time now, and even with the questions raised still have doubts about my position.

Basically We are looking to buy a house at £105000, with a deposit of £16000.

Me and my partner currently have a joint income of £28000 a year.

Both young at 22, 21. Both Live at home and this would be our first property.

Both have been in continuous full time employment for about 2 years.

Would we have much luck with mainstream mortgage applications, or are we definitely in need of a mortgage broker?

Thanks for any help or guidance/advice on this.

rickydark

Good Evening!

This is also my first post, but Im going through similar steps as a first time buyer at the moment.

I myself am 24 and Im joint buying with 27yr old with earnings slightly higher than yourselves and we had an offer accepted (in principle) for a £295000 house with a 10% deposit.

The fact that you have a 15% deposit and are borrowing far far less, should put you in good stead.

Accepted with Nationwide.

ACG

You shoudl be alright with most lenders. If there is a lack of credit that could cause issues with the likes of HSBC who generally have the cheapest deal on the market.

However in the main i would say you should be fine.

It might not do any harm to speak to a broker though? they might find you a cheaper deal than you can find elsewhere....but they might not - it doesnt do any harm to spend an hour with one though if they can save you a bit of money?