Help with first step

Yolk_2

Hi, I'm planning on buying a property with my dad 50/50. He has the funds for his half and will be putting his name on the mortgage with me for my half but I'll be making the payments. We're also planning on letting 1 or 2 rooms in the house as well as me living there. My gross annual income is £12300 at the moment and my dad is self employed earning probably around £50000. We're looking for a house around £100k to £130k so my share will be around £50k to £65k.
I have no idea how mortgages work and was looking for some help and advice, obviously as few fees as possible at the lowest rate but other than that I don't know what I'm looking for?
All help greatly appreciated folks

Scott

Well, that all depends on how long you're going to stay there, whether or not your lender will want you to declare the extra people living there (possibly getting you a different product) and lots of other things.

What are you looking for from your mortgage? Flexibility? Reliability (always having the same payment)? The ability to sell up when you like?

Yolk_2

Hopefully staying there for a good couple of years, as I'm buying with my dad he's viewing it more as an investment so if I do move for whatever reason all the rooms would be let. There's no one set to move into the spare rooms yet and obviously I can't guarantee all rooms will be filled all the time. At the moment security is pretty high on my list of priorities but even higher is getting the cheapest mortgage possible.
I still have a few debts I'm paying off (all on a 0% credit card of course ) but as soon as these are cleared I plan on stoozing every penny I can get so I don't know if that should impact my decision.