How much Mortgage do you predict we could get?

Question

My partner and I are starting to save so that we can buy a house in 12 months time. By then our income will be approx £60,000 between us, and we hope to have a £10,000 deposit saved up. Could anyone make a rough prediction of what value mortgage / property we would be able to get?

Many thanks

Answer 1

Depends on your other debts but probably about 150k - 180k.

Answer 2

.  You can borrow 200,000 at current interest rates.  If you will pay 8% interest you can buy 300,000.  You would be more risky at the higher price.