Couple 1: two and a half times both annual incomes. This service is provided on times newspapers' standard terms and conditions. We offer information about first time buyer mortgages and uk home mortgages. In 2005, the first time buyers' initiative was also added to the homebuy scheme. Other applicants will need a 5 or 10 per cent deposit for their property share. L www. Council- right- to- buy. Co. Uk find all council right- to- buy mortgages let someone else do the searching for you.

I have no issue with four times first income. Where do these people dream up this "average salary"? Fortunately, 100% mortgages aren't as expensive as they once were. We would have some concerns about nurses entering into such a big mortgage of five times their salary. Couple 2 ; three to three and a half times the greater income plus one year of the second income. Click here to see today's best buy mortgages.

For example: if you qualify for a £40, 000 loan on a £160, 000 property, the loan represents 25 per cent of the overall value. Fix your mortgage for 15 years. Times income - isn't excessively high, not when compared to the 4- 5 times income mortgages that some first- time buyers are taking out. They used to determine that a person could spend three times his annual income on a house. How long are mortgages usually for?