I realise the economy is in a crisis, but my DP and I are having trouble getting our foot on property ladder.
Cant get a big enough mortgage for a nice house in an area we like.
We have a decent deposit yet we cant seem to get more than a £50,000 mortgage. Live in East anglia how the hell do other people manage? Not looking at expensive property about £140,000. Any suggestions would be welcome.
Giltz, also in east anglia here *waves hello* Having the same problem, its pretty impossible to get on the ladder with anything more than a rabbit hutch 1 bed flat, we gave up went council and are buying our house from them, not ideal but it will get us a start!
50,000 is small indeed - if you're getting 3 x joint you'd be earning about 16,000 per year between you, is that right? A friend has just had her first mortgage offer with her dp and they've been offered 3.5 x joint.