gsi-gaz
Member
Registered: 23rd Mar 03
Location: st helens
User status: Offline
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as above please peeps, just wondered what the current lending rate is really?
last time i went to see a mortgage advisor it was 3.5x joint salary or sumthing like that
just wondered if its changed, out of curiosity really
cheers
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MarkW
Member
Registered: 19th Mar 04
Location: Orpington, Kent
User status: Offline
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house day?
and get some quote on moneysupermarket.com
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Colin
Member
Registered: 4th Apr 02
User status: Offline
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the 3.5x joint salary wont have changed, the apr rate will have went up & you might struggle to get a fixed rate deal.
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neoquip
Member
Registered: 12th Aug 02
Location: Nottm
User status: Offline
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HSBC will go to 6x's as long as you have no other outgoings!!
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whitter45
Member
Registered: 15th Nov 02
Location: Norton
User status: Offline
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I was offered six times my slary mate - instead just took over 3 times my salary
Gives ud a shout gaz if you need any advice
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Colin
Member
Registered: 4th Apr 02
User status: Offline
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6 times  Biggest when I was looking was 4x, the norm was 3 times!!!
Must be changing to meet up with modern times 
[Edited on 30-01-2007 by Colin]
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whitter45
Member
Registered: 15th Nov 02
Location: Norton
User status: Offline
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yeah colin
base it on uk average wage of 21K
Thats 63 for 3 times so 6 times is 126k - going to struggle even with that so thats why there so high
I wasn't comfortable lending so much so opted for just over 3
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whitter45
Member
Registered: 15th Nov 02
Location: Norton
User status: Offline
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also abbeys advert states 5 times for mortgage
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topshot_2k
Banned
Registered: 1st Dec 03
Location: Northampton Drives: Pug GTi-6
User status: Offline
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i got a 124k mortgage on a 140k house. Fixed rate of 5.59% for 2 years with no fees.
hopefully should hear if my offer is accepted today 
The banks all offer fixed rates, just shop around. Halifax and chelt & Glous BS are good.
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whitter45
Member
Registered: 15th Nov 02
Location: Norton
User status: Offline
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jesus the rates have gone up
Just signed yesterday for the hosue - my rate is 4.96
[Edited on 31-01-2007 by whitter45]
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topshot_2k
Banned
Registered: 1st Dec 03
Location: Northampton Drives: Pug GTi-6
User status: Offline
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with who?
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whitter45
Member
Registered: 15th Nov 02
Location: Norton
User status: Offline
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Nationwide
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topshot_2k
Banned
Registered: 1st Dec 03
Location: Northampton Drives: Pug GTi-6
User status: Offline
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oh, i tried them but they couldnt beat the halifax for me.
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Ally
Member
Registered: 2nd Jul 03
Location: Pontypool Drives: a Skoda
User status: Offline
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I have a rate of 4.9%, 67950k mortgage based on a 15k salary 4.5x annual salary, mortgage based on affordability - not by salary multiplier
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whitter45
Member
Registered: 15th Nov 02
Location: Norton
User status: Offline
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yes ally tahst right as someone may have a high salry but alot of out goings
Basically I could have borrowed 180k but repayments were just stupid
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a_j_mair
Member
Registered: 23rd Jan 04
Location: Scotland
User status: Offline
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i was at mortgage advisor last night. said cant get upto 4.5 times your salary
also told me interest dates are changin pretty much daily on mortgages just now
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topshot_2k
Banned
Registered: 1st Dec 03
Location: Northampton Drives: Pug GTi-6
User status: Offline
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you can gte 4.5x as long as you can prove you can afford repayments.
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whitter45
Member
Registered: 15th Nov 02
Location: Norton
User status: Offline
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quote:
Originally posted by topshot_2k
you can gte 4.5x as long as you can prove you can afford repayments.
can get more if they see at affordable
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gsi-gaz
Member
Registered: 23rd Mar 03
Location: st helens
User status: Offline
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is the 4.5 times or more, judged on a single salary or a joint salary?
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MarkW
Member
Registered: 19th Mar 04
Location: Orpington, Kent
User status: Offline
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quote:
Originally posted by gsi-gaz
is the 4.5 times or more, judged on a single salary or a joint salary?
alot of it is now judged on affordability you are beter of speaking to a mortgage adviser
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