Can anyone on here please explain mortgages to me?!

WOTB is always a place where someone knows about anything! So, can someone please enlighten me on mortgages. How do they work?! My girlfriend and I are first time buyers and between us earn a fairly modest 34,000 a year...what sort of price mortgage could we get, how much would we have to pay as a deposit and what is all this fixed-term stuff on about!?

Just asking now as it is likely we wont be buying fo 6 months at least!

Hope someone can help!

Posted By: Riverking, Dec 19, 23:21:32