Mortgage advisers - anybody one on here???

[Briony]

My fella is on about buying a house, I doubt he'll get a mortgage with his money - he earns about 22 grand a year, so how much will he be able to lend?? My sister went to see about a mortgage and she was allowed about 85/90 grand, I dont think she is on as much as my fella tho!

If anyone has got usefull info or websites I will be very greatful!!! (I have been on estate agents sites and they really dont help me :no: )

Thanks :)

[LuckyStrike]

most lenders do up to 3.5x for first time buyers, this is what i have discovered when looking myself, you might struggle to get that much tho, probably more likely 3x.

i also have heard of someone who got 115% mortgage with northern rock.

[Dr Pirate]

This would probably go down better in the home money and law section of the forum.

[Briony]

Cheers KOE, he has been looking at houses about 80 grand.

Could someone move this thread then please??

[Olive]

if he's a graduate, look at some graduate mortgages. some lenders will go up as much as 5x your salary if you have a decent deposit.

[ShyBoy]

(This thread might be better in the "home, law & money" forum)

What's a 115% mortgage anyway? I think my mum is going to get me a flat to get me onto the property ladder so :thumb:

[~kaz~]

(This thread might be better in the "home, law & money" forum)

What's a 115% mortgage anyway? I think my mum is going to get me a flat to get me onto the property ladder so :thumb:

Your lucky then.

[lucifer devil]

you can move the thread yourself. :)

[Youngbull]

i also have heard of someone who got 115% mortgage with northern rock.
Yeah i did that too. well its was 110%. i didn't have the money for despoist or solicitors so the extra i used to pay the solicitors with and buy a few bits for hte house

[Sammy2006]

Theres a quick mortgage calculator at
http://www.moneyforums.co.uk/mortgage_calculator.php