sljones1988
Apr 11, 2007, 09:05 AM
Hi both me and my partner are 18 and we have a two year old daughter. We have been renting a house for the last year at £500 pound a year. I am a full time student and by partner earns about 19,000 we were just wondering whether we would be able to get a mortgage for about 104,950 over a 35 year period we don't really have any savings for a deposit. Thank you
wynelle
Apr 17, 2007, 05:50 PM
Hi both me and my partner are 18 and we have a two year old daughter. We have been renting a house for the last year at £500 pound a year. I am a full time student and by partner earns about 19,000 we were just wondering whether we would be able to get a morgage for about 104,950 over a 35 year period we dont really have any savings for a deposit. thank you
I don't know British requirements, but I doubt you would qualify in the USA.
Your total housing costs (mortgage, taxes and insurance) shouldn't exceed 30% of your take-home pay..