Quick few mortgage queries

AJ84

Hi all, I think judging by the answers within the Mortgage area, I am going to be advised to see an advisor however I just wanted to arm myself with a bit of information before I start kicking things off.

Salary 1 : 45k
Salary 2: 17.5k
With no debts outstanding, the salary 1 person can afford upto potentially £2000 a month however let's just say there is a £1500 a month available with £500 buffer.

Salary 2 covers all bills etc.

Looking at mortgage affordability calculators, it seems the max mortgage on the above salaries are around the £260k mark. This is despite being able to afford what seems to be mortgages around the £360k mark.

Is this set in stone?

I guess my question is that knowing the affordability is possible comfortably at around the £360k mark, there seems to be a cap of around £260 when entering the salaries above.
For 260k amount and being London bound, there is pretty much no way of getting a house.

Also we are going to be using the help2buy scheme for the 5% deposit (maybe a bit more) so reality is that the mortgage is on the 75% not more.

Thanks in advance - Hope this is clear, there is a bit of fast typing going on due to a meeting break

Gonzo33

Lot depends on your age which will affect the term you are taking the mortgage over.

Every lender will offer different criteria and affordability so in reality seeing a mortgage broker really is your best option.

AJ84

Thanks Gonzo
We're both "fairly" young (30 and 25)
While I am fairly high in my range of salary, her salary will be going up a fair bit as soon as she qualifies as a solicitor.

I can't see it as a sticky - is there a page of "recommended" brokers and at the stage of chatting etc, is there a need for credit searches? Obviously we want to keep the file as clean as possible until we're ready which is most likely 6-7 months from now