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Just starting to get an idea - first time buyer

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  • Just starting to get an idea - first time buyer


    I live with my partner, with her parents and we're very lucky to live rent free at the moment. We have saved a deposit of £9000 and are continuously trying to put everything that we can away. I'm due to start work (after uni) in May/June time, I'll be on about £24K, my partner only earns about £150 per month due to still earning her qualifications (she wont be finished for another couple of years either). We were hoping to buy a house in the next year (by next year we're hoping to have saved around 18-20K). Is this even feasible to buy a house in the next year? In our area you can get a 2-3 bedroom house for 110K. We're really not keen on renting as it would probably have to be a house due to the animals we have. Any advice would be much appreciated.

  • #2
    For sure it is, given your savings and income there is no reason why in the next year you couldnt get a mortgage and find the right property should you decide to take the next step
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