M
Mr Bojangle
Guest
Hi all,
Just wondering what the consensus here would be on my likelihood of being able to get a mortgage, facts are as follows:
Self: Civil Servant (permanent full-time): 36k p.a. gross (increments of 3k p.a. (hopefully!) over the next few years - is this relevant, do any of the banks still factor in the payscale for civil servants).
Partner: Public sector (contract, part-time) 13.5k p.a. gross
We are currently renting, paying 600 p.m., no real savings worth talking about. I'm paying c.220 p.m. on car loan with about 20 months to run.
Deposit will be primarily funded by way of support from parents (otherwise we'd be another few years saving for it), of 12k - 15k.
Looking at paying between 115k - 150k to get "on the ladder", preferably before mortgage interest relief is removed in 2012...
Given that we have no savings record to speak of, will we be able to get a mortgage on the basis that our mortgage payment would be (possibly substantially) less than the level of rents we have been paying for several years now...?
Any advice most welcome... thanks
Just wondering what the consensus here would be on my likelihood of being able to get a mortgage, facts are as follows:
Self: Civil Servant (permanent full-time): 36k p.a. gross (increments of 3k p.a. (hopefully!) over the next few years - is this relevant, do any of the banks still factor in the payscale for civil servants).
Partner: Public sector (contract, part-time) 13.5k p.a. gross
We are currently renting, paying 600 p.m., no real savings worth talking about. I'm paying c.220 p.m. on car loan with about 20 months to run.
Deposit will be primarily funded by way of support from parents (otherwise we'd be another few years saving for it), of 12k - 15k.
Looking at paying between 115k - 150k to get "on the ladder", preferably before mortgage interest relief is removed in 2012...
Given that we have no savings record to speak of, will we be able to get a mortgage on the basis that our mortgage payment would be (possibly substantially) less than the level of rents we have been paying for several years now...?
Any advice most welcome... thanks