Hi
I'm 38 and my partner is 44, I figure that in 3 years we could have a 30k deposit as my partner already has 10k saved. I figured that over 2-3 years maybe I can save 20k.
My partner's salary is 29k and mine is 49k. We both live in the UK and our rent is 900. I am hoping to find a similar mortgage but would be happy to go up to 1200 -1300pm for the right place.
What I want to pick anyone's brains about who can advise, is it possible for us to get a 25 year mortgage considering I won't retire until 66 and so can pay for the 25 years. My partner will obviously retire 6/7 years earlier than me so I dunno whether he can be offered the same length of mortgage as me?
Please help me out on what sort of things I should be doing e.g. how much I should save deposit wise, how to go about getting accepted for a mortgage and how long a mortgage we would be likely to be offered given our circumstances?
Any advice would be useful thank you :) 🙏🏻