Mortgages - Quick Question

KaHn

KaHn

KaHn

Soldato
Joined
13 Oct 2004
Posts
13,177
Location
South Shields
Hey Guys,

Looking at getting a mortgage this year (end of hopefully) and was wondering what as a rough estimate should I be using for the amount I could borrow?

Salary x 3 etc?

KaHn
 
AcidHell2 said:
Could always drop your expectations, I'm now seriously thinking about the very bottom end of the market in not so nice places. But because they are ex council houses most are 3 bed with large gardens. Couple of years do it up nicely and hopefully by the end of it make a profit and have slightly more saved up and wage will almost certainly be higher.
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Problem is mate that flats in the Aberdeen city are all around 150-200k and thats not looking for nice ones.

KaHn
 
The not willing to commute isn't the issue really, I'd prefer to live in the city as I don't know how long I want to stay in Aberdeen and if I move again to some where abroad the rental market up here is brilliant so it would mean I could rent the property while away.

Yeah the prices are high but then I'm paying 750/month rent for a 2bed flat in the centre but the salaries are higher up here aswell.

KaHn
 
dowie said:
I can't believe people outside of London are winging about house prices - you've got it easy tbh.....
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Still paying 200k for a 2 bed flat kinda sucks if you ask me, regardless if London is more expensive.

KaHn
 
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