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Preparation of bank account prior to FTB mortgage application

Dennis_UK · 2021-04-30 13:29:26

Apologies in advance if this is posted in the wrong place, happy to repost if advised. :) Myself and my partner are hoping to be ready to put a deposit on our first property by mid-2021, we currently have approx £16,000 saved and have a clear path to being ready with a 10% deposit by next year. My issue / concern is this:…

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AdrianC Forumite Posts: 42,189

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3 May 2021 at 11:25AM

Dennis_UK said:

@grumiofoundation - Yes, our rent is a significant portion of the monthly expenses at £1,400. Though I should've been clearer, the £3.5k expenses is the total of all bills and household expenses.

North of £2k/mo for "bills and expenses", excluding rent/mortgage, is still very, VERY high - it's not far off the average household income...

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Preparation of bank account prior to FTB mortgage application

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