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What are my chances of getting a mortgage?
LunaLady
Posts: 1,625 Forumite
I am currently renting, but my father has offered me £25000 as a deposit for a house.
The house I would like to buy is £73000.
I earn £14700 a year.
I have debts of approx £1100 which I will pay off within the next 2 months.
I have a good clean credit history. I have checked with equifax and experian.
ETA I recieve CB for my three children - would mortgage companies include that in their calculations? Also I receive £300 a month from my Ex-husband.
The house I would like to buy is £73000.
I earn £14700 a year.
I have debts of approx £1100 which I will pay off within the next 2 months.
I have a good clean credit history. I have checked with equifax and experian.
ETA I recieve CB for my three children - would mortgage companies include that in their calculations? Also I receive £300 a month from my Ex-husband.
SPC #1813
Addicted to collecting Nectar Points!!
Addicted to collecting Nectar Points!!
0
Comments
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A £48k mortgage on your income sounds fine.
Noting your credit commitments will be repaid on the mortgage application should see them excluded from any calculations.I am a mortgage broker. You 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. Please do not send PMs asking for one-to-one-advice, or representation.0 -
I concur, this should be fine for you...
All the bestI am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, 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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