{"id":92945,"date":"2018-07-02T13:00:03","date_gmt":"2018-07-02T06:00:03","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/i-earn-30000-do-i-have-any-chance-of-buying-a-london-flat\/"},"modified":"2018-07-02T13:04:40","modified_gmt":"2018-07-02T06:04:40","slug":"i-earn-30000-do-i-have-any-chance-of-buying-a-london-flat","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/i-earn-30000-do-i-have-any-chance-of-buying-a-london-flat\/","title":{"rendered":"I earn \u00a330,000 \u2013\u00a0do I have any chance of buying a London flat?"},"content":{"rendered":"


\nI thought I wouldn\u2019t get a mortgage, but my family have offered me help with a deposit Q I am a single 38-year-old adult living in London with no dependents. I have rented for years as I have always assumed that I would never be in a position to secure a mortgage on my salary which is currently just under \u00a330,000. However, my family have recently been able to offer me help with a deposit \u2013 a gift, not a loan – and I am now considering my options. I have spoken with a mortgage adviser who believes I may qualify for a traditional mortgage but I have been looking at the London help-to-buy scheme and wondered if there was an advantage in applying for that, even if I have financial support.With personal savings and family assistance I can put forward a deposit of up to \u00a350,000, with additional money reserved for legal fees. I would \u2013 ideally \u2013 be looking for a one-bed flat in the zone two region of Southwark, but am not picky. For the purposes of work I need to be able to get to Waterloo or Clapham Junction stations fairly easily very early in the morning. Continue reading…
\n
\nSource : theguardian.com
\nRead more…I earn \u00a330,000 \u2013\u00a0do I have any chance of buying a London flat?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

I thought I wouldn\u2019t get a mortgage, but my family have offered me help with...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-92945","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-ob7","jetpack-related-posts":[{"id":132230,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/should-our-savings-go-towards-the-help-to-buy-loan-or-overpaying-a-new-mortgage\/","url_meta":{"origin":92945,"position":0},"title":"Should our savings go towards the help-to-buy loan or overpaying a new mortgage?","date":"December 5, 2022","format":false,"excerpt":"\r Our five-year fixed-rate deal ends soon, we have saved \u00a3100,000 and need the best remortgage strategyQ My husband and I purchased a property in May 2018 for \u00a3600,000 using the London help-to-buy scheme. We took out the maximum help-to-buy loan of \u00a3240,000 and put in a \u00a330,000 deposit. At\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":137088,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/a-broker-told-me-i-dont-earn-enough-for-a-london-mortgage-is-that-true\/","url_meta":{"origin":92945,"position":1},"title":"A broker told me I don\u2019t earn enough for a London mortgage. Is that true?","date":"May 22, 2023","format":false,"excerpt":"\r I have lived at the family home all my life, I earn \u00a326,000 a year and have about \u00a360,000 for a depositQ I\u2019m almost 26 and have lived at home my whole life, just outside the M25. I am a tailor, I didn\u2019t go to university \u2013 so have\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":112633,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/im-renting-in-london-should-i-try-to-buy-now-or-wait\/","url_meta":{"origin":92945,"position":2},"title":"I'm renting in London \u2013 should I try to buy now or wait?","date":"November 25, 2019","format":false,"excerpt":"\r I\u2019m saving for a deposit and wondering if I should leave it a few years until I can build up more Q I rent in London and I\u2019m on a yearly wage of \u00a328,000. When I have saved enough to put down a deposit on a property (ironically I\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":114654,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/i-cant-afford-a-flat-in-london-even-though-ive-saved-a-deposit\/","url_meta":{"origin":92945,"position":3},"title":"I can't afford a flat in London even though I've saved a deposit","date":"March 2, 2020","format":false,"excerpt":"\r I\u2019ve lived in Wanstead all my life and my hopes were raised by an \u2018affordable\u2019 developmentQ Since graduation from art college in 2009, I\u2019ve been able to live at home rent free so despite being on a lowish salary of \u00a320,000 as a trainee teaching assistant, I have managed\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":13814,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-mortgage-that-allows-students-to-buy-their-own-homes\/","url_meta":{"origin":92945,"position":4},"title":"The mortgage that allows students to buy their own homes","date":"January 10, 2015","format":false,"excerpt":"\r Some building societies are willing to lend undergraduates 100% of the cost, up to \u00a3300,000, to buy a home \u2013 with certain guaranteesHe\u2019s in his third year at university, studying hard ahead of his final exams this year \u2013 but, unlike other students, Jonathan Pearson will graduate with a\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":113433,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/should-we-take-out-the-maximum-help-to-buy-equity-loan\/","url_meta":{"origin":92945,"position":5},"title":"Should we take out the maximum help-to-buy equity loan?","date":"January 6, 2020","format":false,"excerpt":"\r A reader looking to buy a property in London seeks advice on whether or not to go with a higher mortgageQ My partner and I are looking to buy a property in London using the help-to-buy scheme, which means we can pay a deposit of as little as 5%\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/92945"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=92945"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/92945\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=92945"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=92945"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=92945"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}