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The Guardian - UK
The Guardian - UK
Business
Virginia Wallis

A broker told me I don’t earn enough for a London mortgage. Is that true?

Flats near the River Lea in London
The reader has looked into joint borrower sole proprietor mortgages but such an option appears to be unaffordable. Photograph: Marcin Rogozinski/Alamy

Q I’m almost 26 and have lived at home my whole life, just outside the M25. I am a tailor, I didn’t go to university – so have no student debt – and I have worked since I was 13 in various jobs.

Both my sisters have moved out to study or live with partners, so I am feeling more and more like I need to leave and live my life on my own terms, and all the other things that being in your own space allows. Tailors don’t earn a lot of money, I’m on £26,000 now, which I hope to negotiate this year up to £28,000 to £30,000. I don’t live lavishly and living at home has allowed me to save a deposit of about £60,000.

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