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Looking for a Mortgage
rakesh_2
Posts: 137 Forumite
Hi everyone
I have already given a £300 reservation fee for a new house. I am now looking for a mortgage. The house is part of a housing association which means i only need to get a mortgage which is half its value.
The figures are as follows:
Property Value: £170,000
Mortgage required: £85,000
Rent and service charge per month: £250
My Income and savings:
Annual income: £21,000
Savings: £26,000 in Cash Isa
Other savings: £9,000
Bond: £30,000 [matures in 2012]
I do have £11,000 in debt on credit cards. However, like with most people on this site i have done a SBT to my current account - thus i can give that money back ASAP......
Can anyone let me know which is the best mortgage to take?
Thanks in advance
I have already given a £300 reservation fee for a new house. I am now looking for a mortgage. The house is part of a housing association which means i only need to get a mortgage which is half its value.
The figures are as follows:
Property Value: £170,000
Mortgage required: £85,000
Rent and service charge per month: £250
My Income and savings:
Annual income: £21,000
Savings: £26,000 in Cash Isa
Other savings: £9,000
Bond: £30,000 [matures in 2012]
I do have £11,000 in debt on credit cards. However, like with most people on this site i have done a SBT to my current account - thus i can give that money back ASAP......
Can anyone let me know which is the best mortgage to take?
Thanks in advance
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