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Loan to pay a mortgage

richard_3095 · 2017-07-31 09:21:30

Hi. I'm currently on an income of £6,500. I am thinking of buying a house valued at about £70K, but which I can get for about £20K. My credit rating with Experian last time I looked was 999. In about a year from now I expect to be self employed. I'm 60 years old. As I understand it, I'll not be able at present to get a…

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missprice Posts: 3,736 Forumite

3 August 2017 at 3:37PM

iolanthe07 wrote: »

I think the OP must have made a typo. Perhaps he means £16,500, as no one could live on £6,500 a year (£125 a week) these days without top ups and benefits.

I live on 7k. Granted it's a tiny mortgage and i walk to work, don't own a car, but I do manage a holiday most years. And I don't claim anything. Done this for 4years now.
It's a simple life but I like it ok.

63 mortgage payments to go.

Zero wins 2016 😥
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