First time buyer

[Greedyfly]

My partner and I have been looking to buy a property for about 3 years - we live in Yorkshire and the areas surrounding us are ridiculously expensive, I have finally found a great property thats fairly cheap for where we are living for �110,000 but we need a mortgage that will give us 4-5 times our income rate. I have scouted about but cannot find a bank that will do this without us being graduates or invoving our parents (who cant help) ANYONE know where we can try?

[tim2969]

Please advise what you would suggest is ridiculously expensive and why being not being a graduate excludes you from getting a Mortgage.

[Rach4018]

I got mine with the royal bank of scotland and it was just over 4 times my salary

[Hermia]

Be careful borrowing this much incase interest rates shoot up. A friend of mine took out a 100% mortgage and she is now in a total panic incase the interest rates go up.

[Greedyfly]

At the moment alot of banks are offering more xyour wage for graduates. It doen'st matter what I think is ridiculously expensive - I was asking about a mortgage not the price of said property.

 

Anyway... Thanks Rach for your answer I will try the RBS, and Hermia - People should always be aware of this thanku

[sandras]

Try the mortgage brokers - not the high st banks for the solution.

If you need a good one - please get in touch : )

Best of luck