help us plz

loomansha

hiya

I really need help maybe someone could give me some advice please
Me and my husband at the moment are living with his grandparents and expecting our first child, we have no money saved up at all, and he is the only one out of us working his income is 28k plus bonus.
I want to no if it would be possible for us to get a 100% mortgage
or maybe someone else has some great ideas on what we can do please let me no thanks plz

herbiesjp

Getting a 100% mortgage will always be possible - it just depends on what figures you are looking at as to whether it will be possible in your situation

calleyw

As said you could get a 100% mortgage but most likely will end up paying a higher rate of interest.

Might worth while going to see a broker as they have access to 100's if not 1000's of different products.

And then see what you you think best suits you. But even with a 100% mortgage you will need to find solictors fees, stamp duty if the property is over 120K and valuation report etc.

At 3 times hubby basic salary of £28K that is £84K would that buy you anything in your area.

Yours

Calley

loomansha

hiya thanks for that i can get hold of that amount of cash for the fees etc but not enough for a deposit were looking at property in that price region so that would be no problem so the next question is how do i get hold of a decent broker

samnmalc

Try London and country here:

http://www.lcplc.co.uk/standard_columns_link_multi_doc_1.aspx?id=22000&id=21990&doc=25097

I have used them and they really are very good..and free too !!

gravitytolls

check out the internet for best deals.

also try the council, as they can often provide housing, and once a secure tenant for a couple of years, you can apply to buy at a discounted rate.