Colin
Member
Registered: 4th Apr 02
User status: Offline
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No harm going for a look!!
Local solicitor/estate agents should have an IFA either in house or recommend you one.
Af for affordability by rule of thumb its usually 4x your anual salary. Expect to need around a 10% deposit to be considered for a mortgage just now.
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Faye_2003
Member
Registered: 5th May 03
Location: the gutter :(
User status: Offline
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Yeah! I managed to get a mortgage for £137k approved based on my earnings and current savings, and ability to put a downpayment towards the mortgage, I've been living with J da Silva off here for nearly 2 years and paying towards any bills but still managed to save up enough to have a bit towards it, but I went for a 2 bed detatched and the vendor then pulled out to rent it out instead. 
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deano87
Member
Registered: 21st Oct 06
Location: Bedfordshire Drives: Ford Fiesta
User status: Offline
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quote:
Originally posted by dannymccann
Thats on an 84k mortgage for 100k valuation, fixed 2 years 6% ish, and I think thats relatively high around here, its a high LTV amount, we need more deposit as I dont want to spend £550 a month on mortgage if I dont have to 
edit - £100k around here buys you a 10 year old 3 bed semi in a nice area round here, £75k gets the you same but an older house in a less nice area, £150k buys you a mansion 
[Edited on 24-01-2009 by dannymccann]
£100k barely gets a 1 bed flat in a shitty area.
Looking at £125k roughly for a terraced or cluster 2 bed.
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