Owning your own home

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Tenderloin in reply to @handtightenonly

Yeah I will be doing it in the next 1 year. Going to speak with a mortgage advisor to see what we could afford, I'm hoping it's around £500k but a bit unsure, I'm only 26 which I guess is where the slight uncertainty comes from. But fuck it!

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NickCJ in reply to @Tenderloin

Age shouldn't be a problem - we got the Chelsea Building Society to lend us c. 5.2x joint gross income last year, age 21 and 24.

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Tenderloin in reply to @NickCJ

Good to know.

I think we'd only be looking to borrow 2/3 times our income, which I think is ok - this would allow us to look at properties between 5-600k which is what I think we will need and the re-payments look to be similar to what we pay in rent anyway.

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