Will I Get A Mortgage??

stagsman

You can get a mortgage now and pay say £600 a month or rent for 6-18 months paying £700 a month and then further down the line buy your Dream house and pay maybe £500 a month therefore saving you money. Sorry about punctuation its early i have just finshed work and cant be bothered.

maninthestreet

liam191 wrote: »

Hey everyone it's the OP here (never heard the word OP before but i guess im the OP of this forum) thanks for your comments....we'll i've been renting with my girlfriend for the past 4 years in Uni hence why i think renting is dead money and dont want to do it any more...but then on the other hand if i set up a mortgage now i guess the interest will be so much i wouldnt be paying much off the actual mortgage itself and maybe i should rent?!?! in regards to the job its for a massive defence company and a 4 year graduate scheme so theres no need to worry there as its pretty secure and i know i'l enjoy it......say if i offered £130k for a £150k considering my good situation and they accepted, surely the market wouldnt drop that much but maybe i should wait till this "worrying" market situation slows down....bit of a nightmare...seems i'll be able to get a mortgage no hassle but bit risky with current market.....the banks mortgage calculators have offered me £200k but the monthly repayments are massive...dont they say mortgae payments should be 1/3 of joint salary???

You still haven't actually started this job you've been offered, and won't do for another 5 months. Just because it's a 'massive defence company' doesn't make this job offer secure - it could be even be withdrawn before you have even started it.