At the moment i am an apprentice, im looking to buy a place soonish but because im an apprentice im only earning around 14000 PA. When i come out of my time however i will be on a starting wage of around 26000 PA. At the moment i have about 20000 saved up for a deposit.

So the question i really need answering is is there any type of mortgage for this type of thing or will i just have to wait until im on more money before thinking of moving out?

Cheers

Hi Ken,

It depends.

When are you ecpecting to get the pay rise?

If it will be in a month or two, then you could probably get the mortgage now with the intention of completing the purchase once you have the pay rise. So essentially you could get the ball moving now.

However if the pay rise is still a fair way off, the unfortunately you will have to wait.

If you need more info either ask on this forum or contact an independent mortgage broker.