Mortgage advisers - anybody one on here???

Former Member

My fella is on about buying a house, I doubt he'll get a mortgage with his money - he earns about 22 grand a year, so how much will he be able to lend?? My sister went to see about a mortgage and she was allowed about 85/90 grand, I dont think she is on as much as my fella tho!

If anyone has got usefull info or websites I will be very greatful!!! (I have been on estate agents sites and they really dont help me :no: )

Thanks

Former Member

most lenders do up to 3.5x for first time buyers, this is what i have discovered when looking myself, you might struggle to get that much tho, probably more likely 3x.

i also have heard of someone who got 115% mortgage with northern rock.

Dr Pirate

This would probably go down better in the home money and law section of the forum.

Former Member

Cheers KOE, he has been looking at houses about 80 grand.

Could someone move this thread then please??

Former Member

if he's a graduate, look at some graduate mortgages. some lenders will go up as much as 5x your salary if you have a decent deposit.

Former Member

(This thread might be better in the "home, law & money" forum)

What's a 115% mortgage anyway? I think my mum is going to get me a flat to get me onto the property ladder so :thumb:

Former Member

TheShyBoyInTheCorner wrote:

(This thread might be better in the "home, law & money" forum)

What's a 115% mortgage anyway? I think my mum is going to get me a flat to get me onto the property ladder so :thumb:

Your lucky then.

Former Member

you can move the thread yourself.

Former Member

koe_182 wrote:

i also have heard of someone who got 115% mortgage with northern rock.

Yeah i did that too. well its was 110%. i didn't have the money for despoist or solicitors so the extra i used to pay the solicitors with and buy a few bits for hte house

Former Member

Theres a quick mortgage calculator at
http://www.moneyforums.co.uk/mortgage_calculator.php