Mortgage - how much can you get normally?
30 March 2005, 05:52 PM
#1
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Mortgage - how much can you get normally?
am possibly looking at buyin a new house and wondered how much you can get nowadays its used to 3 x salary when i bought a while ago what is it now and who's good online to do some calculations without filling in pages and pages ?????
cheers.............
cheers.............
30 March 2005, 06:34 PM
#2
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Try Yahoo.
http://uk.biz.yahoo.com/mortgage/
Quite a few lenders will lend you more than 3x nowadays.
Gary.
http://uk.biz.yahoo.com/mortgage/
Quite a few lenders will lend you more than 3x nowadays.
Gary.
30 March 2005, 06:45 PM
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Most bank websites have online mortgage calculators that do the sums for you as far more lenders these days lend on ability to pay not on pure salary, dont ask me how it works, i dont know. Certainly Abbey and First Direct offer this.
31 March 2005, 08:27 AM
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31 March 2005, 08:30 AM
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Originally Posted by Tiggs
self cert....theres little in the way of REAL limits now if you can afford the payments.
Matt
31 March 2005, 09:24 AM
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Originally Posted by JimmyRB5PRO
am possibly looking at buyin a new house and wondered how much you can get nowadays its used to 3 x salary when i bought a while ago what is it now and who's good online to do some calculations without filling in pages and pages ?????
cheers.............
cheers.............
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31 March 2005, 10:06 AM
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Don't self-certs often have a very poor interest rate?
And unless you have special circumstances such as self-employment or irregular income to make a self-cert necessary, it's probably not a sensible route to go down. If you can't get a regular mortgage from a bank for the amount you want to borrow then in most cases that should tell you something.
Gary.
And unless you have special circumstances such as self-employment or irregular income to make a self-cert necessary, it's probably not a sensible route to go down. If you can't get a regular mortgage from a bank for the amount you want to borrow then in most cases that should tell you something.
Gary.
31 March 2005, 10:15 AM
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I heard some lenders were making up to 9x salary available 
Tried a mortgage calculator a couple of months back and was asked if I wanted it over 47 years!
Tried a mortgage calculator a couple of months back and was asked if I wanted it over 47 years!
31 March 2005, 10:17 AM
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Originally Posted by Tiggs
Credit Card?
(if it's in your name that is 
)and the interest rate isn't bad TBH if you do some research
Matt
31 March 2005, 10:27 AM
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well wouldnt you pay the deposit to your solicitor and hold the funds there and he'd forward the money to the lender, so the lender aint got a clue where the money has come from???? or do a balence transfer from the credit card to your current acct....
what a lame excuse that is eh
what a lame excuse that is eh
31 March 2005, 02:06 PM
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Nearly all mortgage offers will contain a special condition that the deposit is provided without recourse to further borrowing i.e. credit cards, second charge, etc. That said, you would provide the solicitor with the deposit and could always say it was savings however if the mortgagee found out, they could decline the mortgage at any time.
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