Hi folks, Can anyone answer the following query? In a years time I hope to upgrade to a larger house (I am currently a first time buyer). I hope to find out what monthly net salary I should aim for (or do lenders look at gross?).? My situation is described below-:
Current House:
2 bed terraced (not ex council) Cost 86k Mort 81k Bought 31/07/2005
Target House:
4 bed detached Cost: 200k (+- 20k) Deposit: 10% (+- 5%) Buying: End of 2007
Never missed a mortgage payment, had some defaults 5 years ago, but clean since then.
Me and my partner buying, she doesn't work I am full time Software developer.
What would you say my options are?
Thanks