We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Mortgage for a property worth 30,000, possible?
Ft01
Posts: 12 Forumite
So, I've seen a house I like, its priced at £30,000, I think I could probably get it (or a similar property) for £25,000.
I have a deposit of around £5000.
I earn under £10,000pa, however doing the figures I could easily afford monthly expenses etc.
Whats my chances of geting a mortgage?
I have a deposit of around £5000.
I earn under £10,000pa, however doing the figures I could easily afford monthly expenses etc.
Whats my chances of geting a mortgage?
0
Comments
-
A house for 30k? Where is it? Is it habitable? Seems very cheap. Has it got a short lease term remaining?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
-
Smaller building societies tend to have lower minimum valuations and lower minimum loans. Have a look at societies local to your area.
http://www.bsa.org.uk/aboutus/buildsocmember.htmI 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
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 355.7K Banking & Borrowing
- 254.9K Reduce Debt & Boost Income
- 456.1K Spending & Discounts
- 248.3K Work, Benefits & Business
- 605.8K Mortgages, Homes & Bills
- 179K Life & Family
- 263.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.7K Read-Only Boards