Colin
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Registered: 4th Apr 02
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£146000 Property (Thats what id offer at least!)
£40k to put down as a deposit so would need to borrow £106000 - Roughly 70% mortgage.
Income of around £25k (Though both are pretty new jobs the money will increase)
Think I would get accepted on that
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Ally
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Registered: 2nd Jul 03
Location: Pontypool Drives: a Skoda
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You would get accepted if you had one done on affordability
I got a 67k mortgage on 15k...
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Colin
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Registered: 4th Apr 02
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Only bugger is im tied to my current deal for another 8 months so can only deal with LloydsTSB & whatever they offer me!! Their online calculator doesnt look good!!! :Z
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Cosmo
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Registered: 29th Mar 01
Location: Im the real one!
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quote:
Originally posted by Colin
Only bugger is im tied to my current deal for another 8 months so can only deal with LloydsTSB & whatever they offer me!! Their online calculator doesnt look good!!! :Z
the fact your with them might work in your favour though, as will know your past payment history, etc.
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Ally
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Registered: 2nd Jul 03
Location: Pontypool Drives: a Skoda
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Book an appointment with a Lloyds mortgage advisor and see what they say
But Col - from what i remember you are going to go work away somewhere? Arent you better off saving like a madman whilst your working then looking to buy when you've got more saved, then increasing your chance of getting a mortgage for what u need
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--DAN--
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Registered: 3rd Feb 03
Location: Bottesford. Drives;3 Series
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As said before, if you stay with Lloyds it could work in your favour. I think 106k will be on or around your limit with that salary though tbh.
Probs looking around £600-650 a month if over 25 years.
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Colin
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Registered: 4th Apr 02
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quote:
Originally posted by Ally
Book an appointment with a Lloyds mortgage advisor and see what they say
But Col - from what i remember you are going to go work away somewhere? Arent you better off saving like a madman whilst your working then looking to buy when you've got more saved, then increasing your chance of getting a mortgage for what u need
Yeah I know obviously only they will have the answer............thought house day might have a fair idea though 
Im not going anywhere for a while, 18 months training to complete 1st, then i'll be away 2 weeks out of every 5 & on silly cash. tbh I just want a move away from my shitty neighbours. The house I ave in mind is perfect, 3 bedroom bungalow in a quiet cul-de-sac, my gran is the only neighbour, no one on the other side at all.
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Colin
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Registered: 4th Apr 02
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quote:
Originally posted by corsa-dan
As said before, if you stay with Lloyds it could work in your favour. I think 106k will be on or around your limit with that salary though tbh.
Probs looking around £600-650 a month if over 25 years.
I'll maybe get a appointment & see what they say. Too good to miss really!!
£600 a month would be affordable imo just hope the bank thinks the same!!
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--DAN--
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Registered: 3rd Feb 03
Location: Bottesford. Drives;3 Series
User status: Offline
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Pics of said property??
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Andrew
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Registered: 5th May 04
Location: Skoda Octavia Estate, Ford Puma
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Can live off £900 easily. It's about managing money better and not spending stupid amounts of money on things.
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mattk
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Registered: 27th Feb 06
Location: St. Helens
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OMG Im shit scared of buying my own house
I dont get any of this
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--DAN--
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Registered: 3rd Feb 03
Location: Bottesford. Drives;3 Series
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Its not that complicated tbh mate, it all soon starts to make sense when you look into it.
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Colin
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Registered: 4th Apr 02
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quote:
Originally posted by corsa-dan
Pics of said property??
Its not that special tbh, very old lady inside too. Just the fact its 3 bed at a decent price & right next to my nan makes it appeal.
http://www.clydeproperty.com/property/offices/stirling.php?zinc=property-view&id=1251881&keywords=Grangemouth%20results
Ive had a good talk with Jade & decided its maybe best not to bother, buying it would mean we would need to struggle a bit for the next year or 2, when if we wait & stay in my flat for that time we will be much better placed to buy somewhere even bigger/better & not be strapped for cash when we want to enjoy ourselves. I think I agree with that......damn sensible women! Doing the maths my monthly payments would go up to £774, I pay only £220 just now
[Edited on 23-08-2007 by Colin]
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Ally
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Registered: 2nd Jul 03
Location: Pontypool Drives: a Skoda
User status: Offline
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quote:
Originally posted by corsa-dan
Its not that complicated tbh mate, it all soon starts to make sense when you look into it.
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MikeLamb
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Registered: 23rd Sep 03
Location: Crowthorne Drives: Veccy SRI
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I just got accepted to borrow £141k with a £50k deposit. I earn £29k and will be paying £675 a month
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