First time buyer help

[Deleted User]

Looking for some advice on a first time mortgage:

I am currently working for the NHS on a band 5 contract and my partner is currently in his final year at university whilst working part time. I bring in 23k (pre-tax) and he brings in around 11k including student finance etc.
In August I will (hopefully) move to band 6 (~30k) and he will start on band 5 (~24k).

What i would like to know is would it be worth trying to get a mortgage now, we have a deposit of £30k and would be able to afford the repayments, or is it worth waiting until our jobs for next year are confirmed and going from there? If this is the case, how many months before we started on these salaries could we put down offers and get a mortgage in principle?

Thanks!

ACG

Student finance will probably not get taken into account.

Usually up to 3 months before the rises come in to play before they could be taken into account, you would need it in writing.

As for whether or not to do it now, it depends how much you want to get. I would say you could get around £100k, add on your deposit and you are looking at a purchase price of around £130k. If that is enough you can go now, if not then you would need to wait until next year when you could get around £225k plus deposit.

Mortgagebrokertorquay

You will be in a much stronger position waiting for both new contracts to be put into place, as long as you have the evidence and start date then some lenders will consider a mortgage for you,