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Can I buy a house with a £15,000 salary?

Can I buy a house with my partner he earns £12,000 a year I earn about £3,000, the house is £125,000

Asked on Sep 6 2014, General in Ramsgate | Report content

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  • Probably not. I assume you do not have a large pile of cash. 125,000 is over eight times your combined income. Taking into account interest, repayments, and all the other costs of maintaining your own home the cost is likely to exceed your current gross income.

    Answered on Sep 6 2014, Report content
  • Hi, It would be best to speak to a Mortgage Adviser in regards to this, it would also depend on how much money you have for a deposit as well but again speaking to a mortgage adviser could help clarify your financial eligibility.

    Answered on Sep 8 2014, Report content

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