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09 April 2010

We are first time buyers looking for mortgage in the range of 280k. Only got 5% deposit on a jonint income of 75k. Any advice?

My wife and I are recently married and both professional. We are saving up to get mortgage for family home. No kids yet but hope to try in a year or so. We are currently renting but want a to move out before our current contract expires in December. Are there still 95% mortgages in the market? Is is a good idea to take out one, or should we save more? Would we be able to borrow that much on our incomes?

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