Hi everyone, hope someone can help us!
Me and my boyfriend are first time buyers and went to see a mortgage advisor back in October. We were really pleased to find out he thought it shouldn't be a problem for us to get a mortgage for a property up to the value of £150,000 as we have around £15,000 deposit. We started to look for properties in the area we wanted, but unfortunately my boyfriend was made redundant in November. He now has another job on great money but the problem is he is self-employed, and has found it a real struggle to find any company taking people on PAYE at the moment, therefore we're going to struggle to get a mortgage. I have been in my job for nearly 2 years and earn £18,500 but hope to get promoted soon. We really need to find a way of getting some kind of mortgage, we have saved for so long it would be devastating to have to rent somewhere and all the saving for nothing. Plus, we have a dog and have really struggled to find anywhere that will accept us because of this! I have checked out shared equity and shared ownership schemes to see if I could get a small mortgage on my own so we would at least own a percentage of a property, but this seems to be only for new builds and mostly flats, and we really need a garden for the dog and there don't seem to be any suitable in the area we're looking (North London as I work in Central London).
Can anyone help on this or been in a similar situation?!