Help: income and first buy

Daniel105040

Hello all
My partner and I are looking to buy a house this year. I have an income of 24500 but my partner has an income of 9000. We will have a deposit of 27000.
When doing how much can I borrow it says we will only be able to get a properly of 160k where as we are homing nearer 200k.
Were not extravagente spenders so will be able to afford the bills repayments etc.
Is this an accurate amount or will we be able to get more? Any tips?
Many thanks

paddyandstumpy

Halifax will lend up to 4.75x combined income if you have a 10% deposit.

Remember, your deposit is on top of their lend, so if banks will lend £160k and you have £27k to put down, you can afford £187k (£160+£27)

csgohan4

seems 200k +is out of your budget, try saving more of a deposit, get a better paid job in order to get there.


Or lower your budget