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mortgage advice please

king_of_inismac · 2007-12-10 14:40:48

Hey Guys, I'm just finishing my PhD at the moment and have been offered a 1.5-3yr contract earning about 40,000 a year starting off. I want to buy a house in the very near future (keeping an eye on the property market) Would the fact that its a 1.5-3yr contract be a problem? Can I get a mortgage in my first year of…

10-12-2007 2:40pm

#1

king_of_inismac

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Join Date: March 2002

Posts: 1038

Hey Guys,

I'm just finishing my PhD at the moment and have been offered a 1.5-3yr contract earning about 40,000 a year starting off.

I want to buy a house in the very near future (keeping an eye on the property market)

Would the fact that its a 1.5-3yr contract be a problem?

Can I get a mortgage in my first year of employment? I have some money saved.

How much could I expect to borrow, and how much of a deposit would I need to save?

Thanks,
M

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Comments

#2 10-12-2007 7:02pm

miju

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Posts: 7957

those questions would be best answered by an independant mortgage broker. i'd suggest you contact one they usually will have a no obligation chat with you about your options no bother at all.

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