First time buyer

Dd1997

My grandma an grandad are well off an she has done her research for it it was mine for when I got older to but it just does not accommodate me an my family think the best thing I can do is go an speak to someone see what's the best options as the people I have spoken to at the place we are a home has said it's not problem! I am renting at the minute which I pay 950 a month in rent but mortgage would be 480 the women said so I don't know I will be ringing someone up Monday am going to speak to someone as I don't want to apply for a home I will not get

glosoli

You just need to speak to a mortgage specialist who is going to give you realistic information, and then from there you can decide what to do. This may mean settling for a cheaper house, or seeing if you are able to come up with an even larger deposit if you want to buy an expensive home. Rents tend to be more than mortgage repayments but imagine what your mortgage payments would be at 12% interest, which could very well happen again at some point.

Dd1997

Just an update we was accepted for the mortgage on 35 years one thank you for all your answers

Lauralou79

How did you apply for and get accepted for a mortgage in a couple of days??

Dd1997

It wasn't a couple of days we already applied for it was going to pull out as when I read all these comments I thought it was a bad idea!