I have seen the house of my dreams, bad timing or what, need a £40,000 mortgage. what would you do?

Question

I have seen the house of my dreams, bad timing or what, need a £40,000 mortgage. what would you do?

Answer 1

Borrow the £40,000

Answer 2

£40k is not a big mortgage. If you've got a couple of grand to contribute to a deposit, you should be able to get a mortgage.

Answer 3

I wish I only needed a £40k mortgage! i'm never gonna get on the ladder with the house prices round here(manchester). anyway I work for a bank and yeah you might aswell apply if you have good credit rating and can afford the repayments, you never know!

Answer 4

40 grand is not a large sum to mortgage

Answer 5

If you can afford the mortgage at least apply; you'll never know if  you don't try. Has it been for sale long? If it has they may take an offer. Good luck

Answer 6

If the house is worth it, you can afford the repayments and either you are able to put down a minimum of 5% deposit or have a guarantor, than I would say best of luck.

You can check out different type of mortgages at http://www.mortgagebrokers4london.co.uk   and also get free advice.

Good luck