0/t...how much times...
....your earnings can you get a mortgage for?
My husband and I are currently private renting at the moment and we were wondering how many times your current earnings you can get in mortgage. Its only my husband working and his wage will go up every year, Just wondering how much we can get a mortgage for so we know how much we would need to put aside in deposit for different house prices.
Im sure somebody on ehre knows the answer, and saves me having to make a trip to alocal estate agent!
My husband and I are currently private renting at the moment and we were wondering how many times your current earnings you can get in mortgage. Its only my husband working and his wage will go up every year, Just wondering how much we can get a mortgage for so we know how much we would need to put aside in deposit for different house prices.
Im sure somebody on ehre knows the answer, and saves me having to make a trip to alocal estate agent!
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Replies
This is going on our bank - some banks might lend more.
You know, at current interest rates, our mortgage payments are far less than a private monthly rental would be - so well worth looking into.
xx
Hope you manage to get something!!
xx
Mims - fortunately we know the people we are renting off and its really low as they arent doing it for profit making but so it is occupied
I was thinking something like that but my husband thought it was more like 5 times! I thought things were less since the crunch.
Try some of the banks on-line calculators - We went with first direct, but co-op would have lent us more.
Hubby does mortgages at work and I'll ask him when he's done trying to settle my poorly boy