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    sljones1988's Avatar
    sljones1988 Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Apr 11, 2007, 09:05 AM
    Can I get a mortgage
    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's Avatar
    wynelle Posts: 184, Reputation: 21
    Junior Member
    		  
    #2

    Apr 17, 2007, 05:50 PM
    Quote Originally Posted by sljones1988
    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..
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