Hi All,
In need of some expert advice again.
I am currently in the process of looking for a house and have been quoted that from a broker the max i could borrow is £222,000, so would mean i could get a house valued at around £247,000.
I have been trying to find out how realistic it would be for me to be able to afford this.
Background information
It would be a joint application and together we earn just under £50,000.
Ive estimated the following a month:
Council Tax: £127
Water: £30
Gas/Electricity: £100
TV and Internet: £70
House and Life Insurance: £80
Food/Drink: £300
Mortgage (@ 4.44%): £1,050
Petrol: £300
Car Insurance: £100
Mobile: £100
Total Goings Out: £2,257
Monthly Salary: £2,800ish after pensions
Plus a couple hundred quid a month 'going out' money.
Leaving a surplus of £350.
My question is are my figures accurate? and seeing the above would you consider myself as being able to afford it comfortably?
In need of some expert advice again.
I am currently in the process of looking for a house and have been quoted that from a broker the max i could borrow is £222,000, so would mean i could get a house valued at around £247,000.
I have been trying to find out how realistic it would be for me to be able to afford this.
Background information
It would be a joint application and together we earn just under £50,000.
Ive estimated the following a month:
Council Tax: £127
Water: £30
Gas/Electricity: £100
TV and Internet: £70
House and Life Insurance: £80
Food/Drink: £300
Mortgage (@ 4.44%): £1,050
Petrol: £300
Car Insurance: £100
Mobile: £100
Total Goings Out: £2,257
Monthly Salary: £2,800ish after pensions
Plus a couple hundred quid a month 'going out' money.
Leaving a surplus of £350.
My question is are my figures accurate? and seeing the above would you consider myself as being able to afford it comfortably?