DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate - View Single Post - Anyone in the UK earn £12k a year and trying to buy.....

**bredkumanfirst** · 09-12-2010, 01:47 AM

I'm just over 1k a month net and moved into my first house a month ago.

It's possible but you'll need either a decent deposit or a **** house.

With my large deposit I was able to get a LTV under 70% which made the monthly payments pretty good.

May I ask what your house price was, what deposit you put down and monthly repayments?

Personal question I know (PM if you prefer)

Also - what is LTV?
Also are you repaying the mortgage or only repaying the interest?

09-12-2010, 01:47 AM	#8
bredkumanfirst Join Date Oct 2005 Posts 330 Senior Member	I'm just over 1k a month net and moved into my first house a month ago. It's possible but you'll need either a decent deposit or a **** house. With my large deposit I was able to get a LTV under 70% which made the monthly payments pretty good. May I ask what your house price was, what deposit you put down and monthly repayments? Personal question I know (PM if you prefer) Also - what is LTV? Also are you repaying the mortgage or only repaying the interest?
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