P
prinzenrolle
Guest
Hello, apologies if there is a thread similar to this already.
So here is the situation.
Firstly, I am 24, and am in full-time permanent HSE post. I have no loans, only have small amount on credit card to pay off (1000). I have 250 a month rent. I have no property at the present. I am thinking about buying a property with the intention of renting a couple of the rooms out, but would apply for a owner-occupier mortgage.
My salary is 41,000 gross p/a (2200 net monthly), and increases by about 1000 yearly. My savings - 18000 via direct debit savings. I want a mortgage for approx 150000 (max).
Secondly, my boyfriend, 28, is in full time permanent employment. He has a loan, which will be paid back by middle of next year. He will have approx 25000 (10000 given by his family, 10000 savings of his own, 5000 from myself).
We were thinking of applying for two mortgages as FTB. Then we would move into one of the houses together and rent out the other house to tenants.
What are the chances of the two of us securing mortgages - me within the next 8-10 months. And my boyfriend in the next 12-18 months.
Thanks for any input, and excuse my ignorance in this department!
So here is the situation.
Firstly, I am 24, and am in full-time permanent HSE post. I have no loans, only have small amount on credit card to pay off (1000). I have 250 a month rent. I have no property at the present. I am thinking about buying a property with the intention of renting a couple of the rooms out, but would apply for a owner-occupier mortgage.
My salary is 41,000 gross p/a (2200 net monthly), and increases by about 1000 yearly. My savings - 18000 via direct debit savings. I want a mortgage for approx 150000 (max).
Secondly, my boyfriend, 28, is in full time permanent employment. He has a loan, which will be paid back by middle of next year. He will have approx 25000 (10000 given by his family, 10000 savings of his own, 5000 from myself).
We were thinking of applying for two mortgages as FTB. Then we would move into one of the houses together and rent out the other house to tenants.
What are the chances of the two of us securing mortgages - me within the next 8-10 months. And my boyfriend in the next 12-18 months.
Thanks for any input, and excuse my ignorance in this department!