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Chesney25

Chesney25 Posts: 9 Forumite

20 July 2016 at 10:18PM in Mortgages & endowments

Hi
Looking at a first time mortgage and would appreciate your advice, opinions and feedback please.

Property value 240k New build
Deposit 32k
Help to buy equity loan 48k
Looking to borrow 160k

Combined income 40100

One clean credit file, no credit commitments little activity, no borrowing, experian score 849
The other is clean, mobile phone contract, no borrowing, experian score 987

Married for 6 years

Thanks for any input

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Comments

beckywills Posts: 13 Forumite

21 July 2016 at 1:41PM

Sounds Ok, probably best off going through a broker

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amnblog Posts: 12,782 Forumite

21 July 2016 at 2:05PM

All sounds fine. Should have a good range of Lenders and products.

I am a Mortgage Broker

You should note that this site doesn't check my status as a Mortgage Broker, 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.
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kingstreet Posts: 39,434 Forumite

21 July 2016 at 3:05PM

It passes the HTB Affordability calculator too, assumed 25 year term, no ground rent or service charges.

I am a mortgage broker. You 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. Please do not send PMs asking for one-to-one-advice, or representation.
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Chesney25 Posts: 9 Forumite

21 July 2016 at 8:09PM

Thanks for the reply's. As far as HTB affordability at 25 years, does anyone have any info regarding extending this? Is it possible?
Thanks again

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