i earn £335 a week and savings of just over £30,000.
i need help.
i'm with the bank of ireland .
also who would do the best mortage .
it will be my first house.
2007-01-15 00:11:57 · 7 answers · asked by johnc 4 in Business & Finance ➔ Credit
Not a nats chance in hell, I think.
£335 * 52 = £17420
* 3.5 (standard borrowing rate) = £60970
+ £30000 = £90970 <== The most you can borrow.
You don't stand a chance i'm afraid.
2007-01-15 00:25:44 · answer #1 · answered by Nathan 3 · 0⤊ 0⤋
Forget it. The repayments would be way beyond your means.
Typically, lenders work out your maximum mortgage by multiplying your salary by three. If the figure you give is before deductions:
(335 x 52 = 17420) + 30000 = 47420.
You would be short by 132580.
2007-01-15 08:26:17 · answer #2 · answered by Anonymous · 0⤊ 0⤋
To my knowledge the max you can get is £120k four times of you salary
another option is to add you partner if you have one and the last option is to apply as a self employed where there is no need for you to show you proof of income all you have to do is self certify that you have enough income and funds
I will suggest you to go for the last option
Good Luck
Kittu
2007-01-15 08:25:05 · answer #3 · answered by kittu 2 · 0⤊ 0⤋
Called MS Mortgages and ask for Sarah, She's fantastic and will sort you out.
0113 2395510/08000286210
2007-01-15 08:22:26 · answer #4 · answered by pipdawson2003 2 · 0⤊ 0⤋
when you need loans or mortgages its always better to go to bank as they offer you a better deal with less interest. if the bank wont give you what you want, you wont get a better deal anywhere.
2007-01-15 08:53:04 · answer #5 · answered by Anonymous · 0⤊ 0⤋
You don't.Only people who don't need money can get it
2007-01-15 08:19:33 · answer #6 · answered by ttpawpaw 7 · 0⤊ 0⤋
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2007-01-15 10:06:26 · answer #7 · answered by Anonymous · 0⤊ 0⤋