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Can we get a mortgage of £46,000 on a £70,000 home that we want to buy. Our joint income is approx £24,000 a year?

Posted on 23 September 2013 by Brian


We want to borrow about £46,000 on a £70,000 home that we want to buy. We earn roughly £24,000 a year?

Brian,

On the face of the details provided, I can't see why you shouldn't be able to get the mortgage you need to buy the property you want.

A lenders decision will be based upon your total financial circumstances, which not only looks at your income, but your address and employment history, as well as your overall credit position. As long as this is all satisfactory, then there shouldn't be anything to stop you you from getting the home.

If you'd like to take your enquiry forward, then please let me know and I'll organise a convenient time for one of our consultants to contact you.

Regards,

Simon

simon.collins@johncharcol.co.uk

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