How muchof a mortgage do you think we will be offered?

Question

My man earns 20,000 a year, I earn 5,000 plus I have a student bursary of 9,000 a year. We also get 10,000 a year in tax credits?

We stay in the uk

Answer 1

£110,000

Approx 2.5 times income.

Answer 2

student bursary doesn't count

1/4 to 1/3 of income, probably on lower side

Answer 3

No-one can answer that with little information.

It's best you made an appointment with a bank and do a quote only not an application.

Answer 4

If you have a clean credit history, you can get up tp 4.9 times your combined yearly (before tax)  income.

Answer 5

we were offered, 88,000.  i earn 24+ and my hubby is at uni.  bursarys do not count which is really annoying.  good luck, u might get offered more, we only went to lloyds tsb to see about a mrtgage so i'd say shop around.