Hi,
I am just looking for some advice and a rough idea, potentially a mortgage advisor so if anyone can assist please post in the thread and I will get in touch for further guidance.
I am looking to buy my first house with my partner, but she already has an existing mortgage with a sibling which costs around £900/m total between them and she wants to keep, her sibling will continue to live in their property. I earn around £30k, she earns around £24k as a recent graduate starting an NHS job.
We are looking at properties around £190-200k and can put down a deposit around £35k from my own and her savings.
I don't know a great deal about mortgages at the moment, so far I have been looking at 2yr fixed and found a Nationwide one at 4.14% for 2 years then 3.99% based on 85% LTV. I don't know that we can actually get this yet, it was just from looking at a basic comparison table on the London & Country website.
Apart from her existing mortgage I can't think of any unusual circumstances, does this sound like a solid plan and should we be able to get a mortgage on this basis? I know her income won't contribute much towards the maximum value we can be lent due to her existing mortgage.
Any advice appreciated!
I am just looking for some advice and a rough idea, potentially a mortgage advisor so if anyone can assist please post in the thread and I will get in touch for further guidance.
I am looking to buy my first house with my partner, but she already has an existing mortgage with a sibling which costs around £900/m total between them and she wants to keep, her sibling will continue to live in their property. I earn around £30k, she earns around £24k as a recent graduate starting an NHS job.
We are looking at properties around £190-200k and can put down a deposit around £35k from my own and her savings.
I don't know a great deal about mortgages at the moment, so far I have been looking at 2yr fixed and found a Nationwide one at 4.14% for 2 years then 3.99% based on 85% LTV. I don't know that we can actually get this yet, it was just from looking at a basic comparison table on the London & Country website.
Apart from her existing mortgage I can't think of any unusual circumstances, does this sound like a solid plan and should we be able to get a mortgage on this basis? I know her income won't contribute much towards the maximum value we can be lent due to her existing mortgage.
Any advice appreciated!
