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!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

Will I be approved for mortgage?

2»

Comments

  • Becswa
    Becswa Posts: 11 Forumite
    The deposit isn't gifted we have saved that. Yes the expenditure is more but I am starting a permanent, decent, job. We have had the affordability checks and have passed those. The money has been kept back for me since uni (from birthdays etc) for me to use to clear off overdrafts etc and I thought now might be a good time to use it?
  • ethank
    ethank Posts: 2,197 Forumite
    Holiday Haggler I've been Money Tipped!
    Becswa wrote: »
    P.s. We are looking to do help to buy, have seen a house and have the 5% deposit

    Can you confirm whether you are going for the Equity Loan (New Build) option or Mortgage Guarantee (Pre-owned home)?
  • Becswa
    Becswa Posts: 11 Forumite
    It is a pre-owned home.
  • Yorkie1
    Yorkie1 Posts: 12,585 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    You say you've got £8K saved; do you have extra funds for stamp duty, mortgage application, survey fees, search fees, solicitor fees?
  • Becswa
    Becswa Posts: 11 Forumite
    Yes, we have 2500 for any additional fees
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 353.9K Banking & Borrowing
  • 254.3K Reduce Debt & Boost Income
  • 455.2K Spending & Discounts
  • 247K Work, Benefits & Business
  • 603.6K Mortgages, Homes & Bills
  • 178.3K Life & Family
  • 261.1K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.