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Buying First House

ChrisD89
ChrisD89 Posts: 3 Newbie
in House buying, renting & selling
Hello!there guys,!

Names Chris and live in Northern Ireland. Currently thinking of buying my first house.

I want to get advice on what my options are with regards to a mortgahe etc. I havnt applied for one before so not sure that I will be eligible just yet.!

Ok so I have seen a house that is £65,000. Typical mortgage repayments are around £208 a month with deposit of £6500. Am I able to buy this house co-ownership amd would this benefit me more if possible or is there better ways etc..

Sorry If I sound completey dumb here but as I say this is my first time property hunting.!

Thanks for looking.

Comments

  • 19lottie82
    19lottie82 Posts: 6,032 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Unless the house is specifically advertised as shared ownership, then no.

    Why don!!!8217;t you want to buy it yourself? 65k for a house is very cheap!

    What!!!8217;s your annual income, and do you have a 10% deposit plus the money for legal fees?
  • ChrisD89
    ChrisD89 Posts: 3 Newbie
    Cheers for the info. Tbh its well within my budget. I just wanted to know if there was any benefits doing it. Maybe it would be easier with the deposit etc.. I dont have the 10% at the min but if i was interested then I would before I bought.

    Thanks again.
  • 19lottie82
    19lottie82 Posts: 6,032 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    If you can afford to buy 100% then no, not any benefits that I know of. And you have to pay rent on the portion you don’t own.
  • ChrisD89
    ChrisD89 Posts: 3 Newbie
    Really? That I didnt know so thanks lottie. Some decent info !!!128077;
This discussion has been closed.
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