Hello.
I am 29 and live with my parents.
I earn £25,500.
I have a good credit history.
I have no bills and pay no rent so I've managed to save a good sum for a deposit.
I'm in the stages of thinking about moving out and buying my own place but want to do all my research before.
On the websites of various banks I can see I can get a mortgage for anywhere between 80k and 120k.
I understand a broker is the likely the best to find the eventual deal.
However I don't feel comfortable with going to view a house without ever having really agreed anything with anyone other than entering my wage onto a bank website mortgage calculator.
What is the best way to see what I could realistically be lent (and importantly afford in terms of repayments). I would like to find this out to feel confident going to view a house knowing I could afford it. How do I do this without committing to anything? (For example I bank with Santander and Natwest who seem obvious ones to ask but don't wish to committ or be tied down).
I'm confused also at what price I should be looking at.
As mentioned - 29, single, no bills, no debts and earn £25, 500.
I have around 55k in savings. I can put away 1k some months due to living with parents. It might be 60k by the time I get around to doing the deal.
I'm looking on RightMove at houses for 150k. Is this realistic?
50k deposit - 100k to borrow.
Most friends have houses around £120k but only had a 20k deposit and in a slightly different area than I need to be.
Thank you for taking the time to read this.
Harry.
I am 29 and live with my parents.
I earn £25,500.
I have a good credit history.
I have no bills and pay no rent so I've managed to save a good sum for a deposit.
I'm in the stages of thinking about moving out and buying my own place but want to do all my research before.
On the websites of various banks I can see I can get a mortgage for anywhere between 80k and 120k.
I understand a broker is the likely the best to find the eventual deal.
However I don't feel comfortable with going to view a house without ever having really agreed anything with anyone other than entering my wage onto a bank website mortgage calculator.
What is the best way to see what I could realistically be lent (and importantly afford in terms of repayments). I would like to find this out to feel confident going to view a house knowing I could afford it. How do I do this without committing to anything? (For example I bank with Santander and Natwest who seem obvious ones to ask but don't wish to committ or be tied down).
I'm confused also at what price I should be looking at.
As mentioned - 29, single, no bills, no debts and earn £25, 500.
I have around 55k in savings. I can put away 1k some months due to living with parents. It might be 60k by the time I get around to doing the deal.
I'm looking on RightMove at houses for 150k. Is this realistic?
50k deposit - 100k to borrow.
Most friends have houses around £120k but only had a 20k deposit and in a slightly different area than I need to be.
Thank you for taking the time to read this.
Harry.
