As a first time buyer, I am a NHS worker, income of £42k per year. Credit might not be great. A neighbour passed on and the family approached me if i would be interested. Therefore no agents. This property is valued at about 275k as it is, some cosmetic damages therefore abit of work will need to be made. Looking to pay approximately 20 years, how much of a deposit should I expected to put down
Hello, There are a few more points that we would need to know specifically to understand how much you are able to borrow, which would determine how much deposit you then need. Very broadly speaking lenders use income multiples ranging from 4 to 5.5 times your income (5.5 times your income is very rare, but occasionally achievable), and then run a secondary disposable income check alongside this. If you want to know more specifically how much you can borrow, and then how much deposit you need, feel free to get in touch through our website (link in the description). Kye
Hi, There are many factors that contribute to lenders deciding to lend so hard to say on it's own. Having no credit record can be tricky initially, but if you are putting down a good size deposit in relation to the property value then this may be no issue at all. Happy to look into your scenario specifically if you get in touch with us directly. Kye
As a first time buyer, I am a NHS worker, income of £42k per year. Credit might not be great. A neighbour passed on and the family approached me if i would be interested. Therefore no agents. This property is valued at about 275k as it is, some cosmetic damages therefore abit of work will need to be made. Looking to pay approximately 20 years, how much of a deposit should I expect?
@@MsAgileGuru Hello, There are a few more points that we would need to know specifically to understand how much you are able to borrow, which would determine how much deposit you then need. Very broadly speaking lenders use income multiples ranging from 4 to 5.5 times your income (5.5 times your income is very rare, but occasionally achievable), and then run a secondary disposable income check alongside this. If you want to know more specifically how much you can borrow, and then how much deposit you need, feel free to get in touch through our website (link in the description). Kye
Great video, thank you 🙏
Thank you for the feedback - glad you found it helpful!
Kye
As a first time buyer, I am a NHS worker, income of £42k per year. Credit might not be great.
A neighbour passed on and the family approached me if i would be interested. Therefore no agents. This property is valued at about 275k as it is, some cosmetic damages therefore abit of work will need to be made. Looking to pay approximately 20 years, how much of a deposit should I expected to put down
Hello,
There are a few more points that we would need to know specifically to understand how much you are able to borrow, which would determine how much deposit you then need. Very broadly speaking lenders use income multiples ranging from 4 to 5.5 times your income (5.5 times your income is very rare, but occasionally achievable), and then run a secondary disposable income check alongside this.
If you want to know more specifically how much you can borrow, and then how much deposit you need, feel free to get in touch through our website (link in the description).
Kye
I,m 18 no credit record 22,500 income 20,000 deposit will that be problematic?
Hi,
There are many factors that contribute to lenders deciding to lend so hard to say on it's own. Having no credit record can be tricky initially, but if you are putting down a good size deposit in relation to the property value then this may be no issue at all.
Happy to look into your scenario specifically if you get in touch with us directly.
Kye
As a first time buyer, I am a NHS worker, income of £42k per year. Credit might not be great.
A neighbour passed on and the family approached me if i would be interested. Therefore no agents. This property is valued at about 275k as it is, some cosmetic damages therefore abit of work will need to be made. Looking to pay approximately 20 years, how much of a deposit should I expect?
@@MsAgileGuru Hello,
There are a few more points that we would need to know specifically to understand how much you are able to borrow, which would determine how much deposit you then need. Very broadly speaking lenders use income multiples ranging from 4 to 5.5 times your income (5.5 times your income is very rare, but occasionally achievable), and then run a secondary disposable income check alongside this.
If you want to know more specifically how much you can borrow, and then how much deposit you need, feel free to get in touch through our website (link in the description).
Kye