FTB small mortgage

chaton20

Registered User
Messages
4
Hi, I am thinking of applying for a small mortgage as FTB. Currently my gross salary is around 24500 but this is due to increase to 26k soon. Working full time and permanent since June 2014 but with company since June 2013. Salary to due increase because of promotion. Does a change in position within same company affect mortgage application even though it is more money?

Have savings of around 5k so far (saved over last 5-6 months) Rent is 375 monthly. I am thinking of a mortgage between 70-90k. If i apply now and get letter from family to say remainder amount will be gifted, would that be sufficient for approval? I know that 10% is needed. I'm just wondering should i keep saving and wait or proceed with application now. I have seen houses that i am really interested in and just worried that none will be available if i leave it too long.

Should i apply through broker or with bank as i've heard an appliction with broker will not show on history if is denied.?

Many Thanks in advance
 
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