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Help to Buy Mortgage

Miss_$
Miss_$ Posts: 171 Forumite
Part of the Furniture Combo Breaker
in Mortgages & endowments
Hi All,

I currently own a house with my ex partner on a joint mortgage, however my partner wants to buy me out so I will come of the mortgage. I am now looking to buy a new build house under the help to buy scheme. I earn just under 20k a year and looking at a house for around £130k-£140k using the help to buy scheme with a 5% deposit. My question is will I get a mortgage with my earnings? I have no other out goings or loans apart from the usual car insurance, mobile phone bill etc.

Thanks
Sarah

Comments

  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Six times salary is extremely unlikely. You need to lower your expectations somewhat. A property costing around a £100k is nearer the mark.
  • ethank
    ethank Posts: 2,197 Forumite
    Holiday Haggler I've been Money Tipped!
    You are not going to get a mortgage of that level on your own.
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