Mortgage

[Slime101]

Is there any site that reverses the calcuation for mortgages.

Say if we want to borrow £150k and have 10k deposit itll tell us what out salleries need to be, rather than saying what we earn and it saying we cant afford it!!

 

[Brennan]

I could probably create a rough one for you in excel if needed. Is there any provider you are particularly going to go for?

Brendan

 

[ste_bla]

With Natwest (though depends on bank);

3.75 x Single Salary (37k)

Or

3.25 x First Partner + 1 x 2nd Partner (31k in total = 24k + 7k)

Or

2.75 x Joint Partners (51k in total = 21.5k ec)

But saying that Nationwide agreed a 4 x Mortgage as we proved you could easily pay the mortgage back and have a little chunk left over

 

[Slime101]

No particular lender and i know they vary from 2x to about 5x salery but that doesnt really help.

Just needs to be a reverse system, so we know what we need to earn to get the mortgage.