Friday, August 15, 2014

Confused about mortgages for first time buyers?

Let's say I wanted to move into a 4 bed house worth 250000 for arguments sake.

I had 12500 which is 5% and the government put up 20% at 50000. Will a mortgage lender.lend me the rest?

Assume 25000 salary stable job with increasing salary year on year

Much appreciated

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