Typically you could borrow 3 or 4 times your salary and you would be expected to put in at least 10% as a deposit. There are lenders who will lend 95% of the value but these mortgages are likely to be more expensive than a 90% mortgage.

An independent mortgage adviser will be able to go through your situation in detail and advise where best to apply.

Hi,

I started thinking to buy a property instead paying the rent and i'm not sure if it's really a deal or better option will be pay that 10% instead 5% and have more problems with all papers. I was thinking to borrow 52K where my deposit would be 3k.

I would be appreciated if someone could give me some information about what's the best option in that situation and where i will have best chance to get mortgage without major problems. Do any outstanding money on credit car / loan will have impact on decision?

Currently my salary before tax is 16000pa

Thank you very much.

Paul.