Mortgage tips..
Me and my partner are really hoping to get a mortgage in around 3 years times. At the time both children would have started school and currently at the moment me and my partner are focusing on our wedding next year 😊 I will have to go back to work to afford a mortgage which will give our annual income around £48,000 (tax taken off) we would be able to do any overtime to top that income up if we needed to. I just have no clue about mortgages at all and just wondered if there’s any schemes you would advise to stay clear of or any tips to get into the properly ladder ect.. any replies would be much appreciated! Also we are privately renting for now, happy to answer any questions x
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@Sophie agree with this. The house you buy cannot be over £450k though so depends what you want to buy
Definitely go and see a mortgage advisor. If you put your location on here you may get some recommendations. They will ask for your salary before tax too so don’t worry about your household income after tax
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If you can afford to, I'd start LISAs (lifetime ISAs) each. You can put in £4k each year to each LISA and get £1k from the government into each account. This will help build up your deposit. There is stipulations on the max price of the house you want to put the deposit towards, and if you withdraw it before 12 months, you lose the extra from the government.