help with getting a mortgage

Foxy-Stoat_3

Clarkey_19 wrote: »

no i do not owe any money to anyone, i have never taken a loan out or anything.
I dont even borrow of my family.

That may not be helping you to get a mortgage then.

No credit history = bad

Good credit history = good

Bad credit history = bad

Get a credit card with a small limit, use it for food and petrol only, no 50ich LED tv's, settle the balance every month and if/when they try and put your limit up, get them to reduce it and remember its not your money.

Do this for a year or 2 and try again for a mortgage, you may have better results.

Thrugelmir

Clarkey_19 wrote: »

I take home £1100.00 per month. & i can do as much over time as i like.

There's your answer. Get working and save what you earn.

ViolaLass

Can you increase your income? e.g. get qualifications or go for promotion or a better paying job.

gazfocus

You should be basing your 3 x salary on the gross salary, not your take home, so if your NET is £13,200, your GROSS should be around £15,500, so you should be able to get a mortgage of around £46,500, although a mortgage broker may be able to get you 4 x your gross salary which would be around £62,000.

However, please be aware that whatever house you buy, you will need around a 10% deposit AND money to cover fees which will be at least £1,000 (including basic survey).

I think your best bet would be to get the overtime in and it won't be long before you've doubled your £5,000.