I just have a very general question about mortgages. I've no experience with buying a home or even renting one.
I'm hoping to start renting in the next few months for about a year or so. I've a deposit saved and will continue to add to the sum while renting but I will not be able to save at the rate I have been in the last couple of years and also pay an average rent.
What I want to know is, in general, do most mortgage providers understand this, are they happy you've the deposit saved and have a track record of paying a rent? I think it seems reasonable but nothing would surprise me.
Thank you for reading,
Amats
I'm hoping to start renting in the next few months for about a year or so. I've a deposit saved and will continue to add to the sum while renting but I will not be able to save at the rate I have been in the last couple of years and also pay an average rent.
What I want to know is, in general, do most mortgage providers understand this, are they happy you've the deposit saved and have a track record of paying a rent? I think it seems reasonable but nothing would surprise me.
Thank you for reading,
Amats