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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 | Report content

Answers (2)

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  • 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, Report content
  • 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, Report content

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