How much would I need to earn to get a morgage?
Thinking of getting a mortgage.
Asked on Feb 2 2010,
Home Finance in Wigan |
Any sum per annum is acceptable however banks and building societies work out the ammount you can borrow 1stly on a multiple basis normally 3.5 times your salary including regular over time and bonuses and 1 times the partners salary or 4x joint however they will then work out your regular monthly outgoings and any loans/hp/credit card debts will be taken of the sums.
Answered on Feb 2 2010,
It's normally 3-4 times your salary.
Self cert mortgages are pretty much a no go now.
There are also various incentive schemes run by new build developers that may alleviate some of the deposit you would need to find.
Answered on Mar 18 2010,
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