We are based in Manchester and my husband has an buy-to-let mortgage on a flat. The mortgage is currently £170 pcm (interest only). We have £21,000 in savings and are looking to buy a house to live in on a repayment mortgage in both our names.
I am a teacher on a salary of £25,000, my husband is in local government on £37,000. We have no outstanding credit card debt but are repaying a loan to Sainsbury;s bank at a rate of £270pcm, for another 14 months. Other than that we have no outsanding financial commitments.
We are unsure what our mortgage options are and would like to be a bit clued up before approaching a broker.
Any help would be much appreciated! Mrs R
I am a teacher on a salary of £25,000, my husband is in local government on £37,000. We have no outstanding credit card debt but are repaying a loan to Sainsbury;s bank at a rate of £270pcm, for another 14 months. Other than that we have no outsanding financial commitments.
We are unsure what our mortgage options are and would like to be a bit clued up before approaching a broker.
Any help would be much appreciated! Mrs R