Tuesday, July 28, 2015

Can we get a mortgage with our incomes?


Have been looking into saving up for a deposit to get a mortgage, not at the stage for bank visits yet though. Wondering if you could all share your experiences with the mortgage process? I earn £14,000pa before tax, partner earns £12,000pa as basic plus an extra £5,000 commission pa will this be taken into consideration?
Looking at properties no more than £180,000 hoping to save £18,000 for a deposit but fees to also come out of this? Have other savings for furnishings, etc
Many thanks
Added (1). We don't have any debts, which I know is good, however this also means we don't have much/any(?) credit history?
pa - per annum, so yes, per year

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