2006-08-07 07:45:07 · 8 answers · asked by jogonbitch 1 in Business & Finance ➔ Renting & Real Estate
you can usually get one at 3 and a half times your income at most places so your looking at just under £55,000, some lenders will say what ever you want but they seem a bit dodgy. the days of owning a property on your own are over for a while so you really need a joint one at the mo.
2006-08-07 08:03:53 · answer #1 · answered by chopps . 3 · 1⤊ 0⤋
It depends on where you live, and your monthly outgoings. Most lenders will lend you an income multiple of 4X which in your case will be a mortgage equal to £60,000. Some lenders will go higher depending on your circumstances.
For example, if you're a trainee accountant on £15,000 and are guaranteed an income of £30,000 per annum in 3 years time, the lender may take this into account - or even offer a discounted product with stepped repayments. I've heard of someone getting a mortgage on an 8X multiple.
2006-08-07 11:04:29 · answer #2 · answered by nemesis 5 · 0⤊ 0⤋
How much did you want to borrow? Typically you can borrow more if you have a good deposit - however if you want to maximise the amount you can borrow look for a lender that works on affordability more than income multiples. Standard Life is a good example of this. Also consider co-ownership.
2006-08-07 07:50:26 · answer #3 · answered by BigB 1 · 0⤊ 0⤋
buy with some else with an income for all the paper work, but if you just want it urself then come to an agreement with the other person that it will be YOU owning the proprerty.
2006-08-07 07:50:29 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Go to a housing association to part buy and part rent. Or buy a house in Hull.
2006-08-07 07:48:39 · answer #5 · answered by ordiofile 5 · 0⤊ 0⤋
you will be able to get a mortgage but only for around 60000 - the uk housing market is f'ed up
2006-08-07 07:48:50 · answer #6 · answered by mr_soapytitwank 3 · 0⤊ 0⤋
get yourself a good looking rich man
2006-08-07 07:51:40 · answer #7 · answered by tildypops 3 · 0⤊ 0⤋
You can, there are lenders that do high multiples - if you need help please e-mail me. Good Luck
2006-08-09 08:06:32 · answer #8 · answered by MSMORTGAGE 3 · 0⤊ 0⤋