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Is this realistic?
Options
garfy1
Posts: 39 Forumite
Wanting to upsize.
£50k deposit made up of £20k equity and £30k savings.
Joint Application
A) £10k employed part time
Self employed, LTD company accounts £28k directors remuneration last year, £15k previous year
Both credit history is spotless, plenty of 10 year+ settled accounts, no late payments/CCJs etc. 2 dependants but no childcare costs, also NO DEBT apart from applicant A) £8k student loan, only paid back when earning £21k +.
Looking at properties around tge £190k mark.
Just looking for a bit of reassurance really before i contact a broker, thanks in advance.
£50k deposit made up of £20k equity and £30k savings.
Joint Application
A) £10k employed part time
Self employed, LTD company accounts £28k directors remuneration last year, £15k previous yearBoth credit history is spotless, plenty of 10 year+ settled accounts, no late payments/CCJs etc. 2 dependants but no childcare costs, also NO DEBT apart from applicant A) £8k student loan, only paid back when earning £21k +.
Looking at properties around tge £190k mark.
Just looking for a bit of reassurance really before i contact a broker, thanks in advance.
:beer:
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Comments
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Anyone any thoughts?:beer:0
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You can see a broker without committing (I believe). I'm sure they'll offer you sufficient guidance before submitting an application etc. The broker will be your best option as they will be able to relate to your personal circumstances and will know which lender will most likely accept you.
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Best to see a good broker. With your current income and the kids it looks like a stretch.Changing the world, one sarcastic comment at a time.0
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It should be achievable but I think it could be a little on the tight side.
You should either play with calculators or speak to a broker.I am a Mortgage AdviserYou should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0
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