Can I pick your brain regarding a mortgage?
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Usually it's 4x your salary that you can borrow. Are you looking to buy on your own or will your partner be on the mortgage too? Maybe do it alone if he's belittling you 😬 But 4x leaves you £116k that you can borrow and £30k for the deposit. I'd conservatively take that down to £25k though to cover legal and moving fees . So that'd be £116+25=141k total property value. Is that enough to buy where you are? You might need to look into other options like shared ownership.
30k deposit is pretty good and with 29k salary you should be able to get something. I would do a few mortgage calculators online to see how much you could borrow, look to see if there’s anything you’re interested in - then speak to a broker when you’ve found something. Sounds like it’s a good thing that your partner doesn’t want to get a mortgage with you tbh he doesn’t sound very supportive. You can get a lawyer to draw up a document to say that he has no claim to the property if he lives there . Good luck in your search!
A mortgage broker should not be looking down on you or judging you over your finances. Their job is to 1) help you get a mortgage, and 2) find you the best possible deal. That means that if you have bad credit, or high loads of debt, or just no savings in general (none of which it sounds like you do), then what they should be doing is telling you what steps you can take to achieve what you want. For example, if you are hoping in the range of a 350k house, they should be telling you which debts need to be paid off, how much you would need in savings, etc, to get there. If they're just telling you tough luck then they are not very good at their job. Brokers WANT you to get a mortgage through them because they get paid for it.
If the salary is the issue then they should be giving you a range of affordable options based on your income. And offering solutions of how to stretch those options without putting yourself in crippling debt.
Honest question…..why would you be with a partner who constantly puts you down? Partners are supposed to lift you up…. 😓 But as the others have said, these brokers aren’t doing their job if they’re treating you like that! Down payment amounts and lack of debt can definitely help mitigate the lower salary issue a bit, do not give those brokers your business!! Find another until you get one that actually works with you!
So with the new mortgages I know some banks are allowing 5.5 x your salary, which leaves you with 159,000 approx to spend - what are the brokers saying when you’re taking with them? Have they done a mortgage in principle??