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Can I get a mortgage
daxi
Posts: 3 Newbie
I have found an apartment and under the new buy or first buy.
Price £80,000
Goverment/builder Loan £16000
Depoist £10,000
£54000 mortgage wanted over 35 years
I earn £12700
Monthly payments of £450 for Loan/CC
Plan 2 -
My mum have said she will put her name oon the mortgage too, I havent said to her about money that I owe. Would she find out if we applied in joint names?
Price £80,000
Goverment/builder Loan £16000
Depoist £10,000
£54000 mortgage wanted over 35 years
I earn £12700
Monthly payments of £450 for Loan/CC
Plan 2 -
My mum have said she will put her name oon the mortgage too, I havent said to her about money that I owe. Would she find out if we applied in joint names?
0
Comments
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I can't answer the questions you pose.
But as this IS an internet forum, I will make two comments regarding your post.
1. Buying a property (&/or the one you have in mind) is not always the right thing to do.
2. You need to be completely open and honest with any relative or partner with whom you have a financial relationship.
Best wishesYour biggest asset is TIME! I'm focused on multi-generational financial freedom.0 -
Try this.
http://www.halifax-intermediaries.co.uk/tools_and_calculators/mortgage_affordability_calculator/default.aspx
The different credit score levels, A, B and C will determine the maximum you can borrow. Try each one in turn. With such a low income and your credit commitments, you won't get much with a single application, even over such a long term.
You will disclose any existing credit on a joint application, so a joint applicant will know about it at the time of application.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 -
do you think there is any way i can get a mortgage? I have good credit check but 80k come back unaffordable0
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How much debt do you have?I am a Mortgage AdviserYou 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.0
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My is is differant every month.
£870
But then get Bonas's and other extra's. This month its £1200 take home pay0 -
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