antonOO2
Member
Registered: 17th Sep 02
Location: Midlands
User status: Offline
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About How much would you have to be earning to get a 300k mortgage?
Cheers
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Ian
Site Administrator
Registered: 28th Aug 99
Location: Liverpool
User status: Offline
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75k?
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MarkM
Member
Registered: 11th Apr 01
Location: Liverpool
User status: Offline
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You sure??
Isnt it 3 times your wage??
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Twiggy
Member
Registered: 15th Oct 04
User status: Offline
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I work in this sort of feild and a guy was on 75k and he had a 500k morg... His wife may on been on a similar amount though....
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Colin
Member
Registered: 4th Apr 02
User status: Offline
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quote:
Originally posted by sport16v
You sure??
Isnt it 3 times your wage??
Depends.....some offer you more!
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antonOO2
Member
Registered: 17th Sep 02
Location: Midlands
User status: Offline
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Woah Me house is worth 280k and me mum and dad aint on that lol.Been looking at houses in my town ,the cheapest i can find is 122k.
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MarkM
Member
Registered: 11th Apr 01
Location: Liverpool
User status: Offline
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quote:
Originally posted by antonOO2
Woah Me house is worth 280k and me mum and dad aint on that lol.Been looking at houses in my town ,the cheapest i can find is 122k.
Yes but I bet they bought that for a lot cheaper years back...
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Colin
Member
Registered: 4th Apr 02
User status: Offline
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usually 3xmain (biggest) wage and 1.5x spouses wage.
Although ive seen offers of up to 5x on single lender mortgages
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antonOO2
Member
Registered: 17th Sep 02
Location: Midlands
User status: Offline
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yeah i know mate .damn shame as i would like to stay in my town but the prices are stupid.
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NeilsC
Member
Registered: 6th Dec 00
Location: Middlesex drivin a Puma Racing on FRS 18's
User status: Offline
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go to a back street place, self certify yourself, pay stupid interest rates and yr laughing
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Twiggy
Member
Registered: 15th Oct 04
User status: Offline
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http://www.moneysupermarket.com/Mortgages/mortgage.asp
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antonOO2
Member
Registered: 17th Sep 02
Location: Midlands
User status: Offline
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One way is to buy and rent a room i spose.I have read about the new mortgages especially for this.
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NeilsC
Member
Registered: 6th Dec 00
Location: Middlesex drivin a Puma Racing on FRS 18's
User status: Offline
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try looking in to newly build homes, might sound expensive but they do pay for solicitors fees, carpets, cartains etc i no thats sounds like nothing but every little helps
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antonOO2
Member
Registered: 17th Sep 02
Location: Midlands
User status: Offline
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Dont know why im worrying yet lol have plenty more years at home.Im looking into a house outside of my town at the moment though,but not to buy but to do up and develop.My dad has done some as he owns a company which carries out building work and manufactures UPVC windows and conservatories.Im hoping this will be a good way of getting ontot the ladder whilst still living at home
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antonOO2
Member
Registered: 17th Sep 02
Location: Midlands
User status: Offline
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quote:
Originally posted by NeilsC
try looking in to newly build homes, might sound expensive but they do pay for solicitors fees, carpets, cartains etc i no thats sounds like nothing but every little helps
Cheers
it all matters
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mav
Member
Registered: 19th Jun 01
Location: Scotland
User status: Offline
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I thought it was 2 1/2 x joint income?????
mind you works out about the same as Colin says
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