First time buyers, any advice?

PoppyH_2

Hi there,

My long term partner and I are hoping to buy soon, and I want to know if I'm being naive in thinking it's possible. We will have just over £20k in terms of a deposite. He is on an apprenticeship wage at £12k and I'm on £20k. Both young, so no problem with credit ratings. It's all very alien and new and I wondered if there were any tips or opinions anyone could offer? We have our heart set on moving out and if there's anything we can do to better our position that'd be amazing!

Thanks for any help!

xyz123

I guess first thing to do is to get credit reports from all three agencies and ensure there are no surprises.

Be realistic with what you can borrow and save as much as you can..

horseymchorseface

http://www.moneysavingexpert.com/mortgages/?_ga=1.56044587.1806910437.1491548787


is a good start


you can usually only borrow x4.5 your combined income assuming no debt. As above get a copy of your credit file from the major providers and see if anything is amiss.