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First time buyer - one with lower income

Littleladie · 2017-07-19 12:54:37

Hi all. My husband and I want to buy our own place. We live with my parents at present so we can save and have around 10k deposit so far (still saving). He earns more than I do, my income is low as I work for my families business I earn around 800 a month and he about 1300. Here (South west) houses seem to be around the…

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Jkbc90 Posts: 85 Forumite

19 July 2017 at 7:04PM

We have just put in for a mortgage with one income of £22k, the online calculator for us and the broker said we could get a mortgage of £104k, when we applied for a DIP they only offered £98000, then it dropped to £95200. No debt, nothing bad on the credit file and no major outgoings, no children etc. We had to put £18k to make up the shortfall (deposit included) it may be best to look at other areas or like others have said maybe consider a new job etc. Good luck

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First time buyer - one with lower income

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