Location | 10% Deposit | What would your salary need to be? (estimated based on 4.5 times salary) |
Clapham Junction | £58,684 | £117,368 or £58,684 per salary with a joint purchase |
Greenwich | £48,016 | £96,032 or £48,016 per salary with a joint purchase |
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#1 Top Tip | #2 Top Tip |
Sort out any issues on your credit reportYou must first obtain an up-to-date credit report to check how your credit worthiness is viewed. If you have been rejected for credit, you need to check your files immediately to work out the reason why. Otherwise, you may continue to apply for credit for which you continue to be declined. This cycle, of itself, worsens any credit problems. | First time buyer mortgageFirst time buyer mortgages are any types of mortgage specifically marketed at first time buyers. They might for example be Help to Buy Mortgages or cashback mortgages (where the lender makes some cash immediately available for your home move when you take out the mortgage). Mortgages specifically marketed at first time buyers are likely to be those which eliminate as much uncertainty regarding matters such as repayments as possible, so the certainty, for example, of fixed rates is likely to be favoured more than variable rate repayments. |
Mortgage Broker in Dulwich | Mortgage Broker in Walthamstow | Mortgage Broker in Clapham |
Just Mortgages Dulwich 103-105 Lordship Ln, Dulwich, London, SE22 8HU 0203 795 4422 | Rosebank Mortgage Brokers Rosebank Mortgage Brokers, 94 Palmerston Rd, Walthamstow, London, E17 6PZ 0207 096 0039 | International Private Finance Mortimer house, 230-236 Lavender Hill, Clapham, London, SW11 1LE 0207 484 4600 |
