FTB with deposit - question

nudda

Hi all

I am FTB and have about 70k in deposit. What is the maximum mortgage you think I can get?

I know its a very high level question but just looking at ballpark figure.

thanks

questionss

Surely that can't be answered without an indication of your income

nudda

I need to speak to an IFA to get more acccurate figures but ..

I'm one earner
I have a good job (evident from savings)
I don't have any other commitments other than a mobile phone contract (no car etc)

R_P_W

How much do you earn a year!?

ExpertAdvice

High level question?????

Its no high level question but a very basic and probably the first question one would ask before starting to look for a property.

However, its impossible to answer without knowing your income!!!

bigadaj

Somewhere between nothing and a few million.

There you go a simple answer to a very simple question.

_Andy_

oh for gods sake..how is anyone meant to know without knowing your income?

_Andy_

"I need to speak to an IFA to get more acccurate figures"

So you don't know your income?

dumpallhere

Maybe the OP is under the impression that the deposit determines the money a lender would be ready to lend, rather than income and outflows??

_Andy_

dumpallhere wrote: »

Maybe the OP is under the impression that the deposit determines the money a lender would be ready to lend, rather than income and outflows??

the OP was asked in post 2 about income and promptly evaded the question

JustAnotherSaver

nudda wrote: »

I have a good job (evident from savings)

No it isn't at all.

For all we know you could be 50 years old, never go out, live at home with your parents & do nothing but pay board (oh, and your mobile phone).

I've turned 30 & have £40k to my name, but i wouldn't say i have "a good job". I earn £18k per year, £4k of which is overtime. I live at home with my mum & have done so this long to build my deposit. I don't drink, i don't smoke, i don't go out every weekend. My #1 priority is getting a good deposit together. THAT is why i have the deposit i do & nothing to do with my "good job".

Like they say ... you get out what you put in, and if you put in minimal information to your question.........