You can't get a mortgage based on the amount of deposit you have although the more you have the better the mortgage deals (on the interest rates) will be. Generally though if you had a £10k deposit, you could in theory buy a £100k property depending on your financial circumstances (10% deposits are the average). Companies take into account who you're buying with and how much you earn, generally it's about 3/4 times your annual income which doesn't buy you a lot these days!
You may also find it difficult cause of your age. Good luck anyway!
|