Flat Buying Question

For the sake of your wealth, NEVER see a financial advisor. Irma

Most banks and building societies have calculators on their websites which will give you an idea of how much they will lend you and how much it will cost to repay, e.g.

If you would prefer to talk to a real person, rather than a website, then you could arrange a meeting with a Mortgage Adviser at your bank, or any other bank. Estate agents have Mortgage Advisers who will claim that they can get you better deals than you can get elsewhere, it is probably worth talking to them, but remember that they get commission which may influence their advice.

There are websites which allow you to compare mortgage costs from many different providers:

I would do all of the above and see who offers the best deal.

Gareth

thanks for your info, I tried one of these online calculators and they say I can borrow 110,000.

Now is this pretty much written in stone what I can get because really I would want another 50 to be able to go in without my brothers help.

Thanks for your advice

Cheers

Chris

a good example of too much snipping. whose advice, what flat, etc?

Different banks and building societies have different limits, so try more than one. However, if you need another 50K I think you may be trying to live beyond your means. Maybe you could borrow a bit more and try putting in a lower offer on the flat?

Also look at what the monthly payment will be. When you do that, you may find you want to borrow less, not more. Don't forget to allow for utility bills, council tax, buying furniture, ground rent, etc. in your budgeting. Also consider that interest rates could go up, which would increase your payments.