I want a mortgage now

[damagetotheeyes]

Can I get a mortgage at 22 if I'm single and only graduated 6 months ago.

I don't want to live with my parents anymore.

You can get a mortgage if you have a deposit, a job you have been in for at least 3 months, and a property to buy. Crucially you will have to pass the affordability check. Most lenders will allow a mortgage from 18 upwards. Criteria will differ from lender to lender.

Do you have any savings?

As long as you have a job that you've finished the probationary period and over 10% saved for a deposit then yes!

You can usually borrow around 4 times your annual salary. Is that enough to buy somewhere?

The bank don't care if you want one. The bank want your employment history, deposit and other financial information.

Also - being single and a recent graduate make no difference in a mortgage app. Some lenders have a minimum salary you need to be earning.

Have you got a job? If you have a job, even if you can't quite afford a mortgage yet, why can't you rent somewhere and move out of your parents house?

You can get a mortgage if you earn enough for the property you would like to buy.

Before you apply for a mortgage, you’re going to need to know what you can borrow. This will help you know what value property you might be able to afford. Probably one of the most difficult parts of getting a mortgage is saving up for the deposit.

There is plenty of information online.

How much do you earn and how much cash do you have. The bank won’t just lend you six figures with no savings and employment

Check a mortgage calculator online. You'll need savings but depending on your salary it could be possible.

Are you really sure it's a good time to buy now while the market has hit a peak and is only just starting to show signs of slowing.

It's starting to change in the USA and China now and interest rates could be going up soon too due to inflation.

Increasing interest rates, high inflation and a slow down or decline after a rapid peak isn't a great market. I'd at least wait to see what happens in the next few months.

I got my first mortgage at 22 (10 years ago) Didn't go to uni but had a deposit saved. If you have money, then of course you can.

Yes, lenders will lend from the age of 18. Are you in work? As you will need to provide proof of income - some lenders can take an employment contract for a new role (therefore no payslip needed), some will ask for the 1st month's payslip if you are newly employed, whereas others will want to see 3 months payslips. You need a deposit saved, do you have this? Minimum 5% for a first time buyer, but 10% deposit will open up more options.