Will we qualify for a mortgage

adboltz

Hi there,

Myself and my partner are looking to buy our first home. We have savings of 17k and no outstanding debt.

My partner's income is £18,500 p.a
My income is £10,000 p.a

We have a house in mind which we can buy for 65k & are looking to put at least 13k down as a deposit but this may decrease to 10k, depending on the work that needs doing to the house.

Will we be able to get a mortgage & any ideas of mortage cost per month?

Many thanks in advance for any help.

Dave_Ham

Yes, subject to credit score et. you will easily get a mortgage.

Cost will be dependent upon your circumstances, lender, term of mortgage.

There are mortgage caluclators on here, or see a broker to go through the process with you.

Given the loan size, do expect any broker to expect a fee.