Can anyone tell how big an income you need for a £200,000 mortgage?

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Can anyone tell how big an income you need for a £200,000 mortgage?

OK serious answers only please. How can I take over my husbands mortgage of £200,000 so I can stay in this house.All ideas welcome concerning possibilities of renting rooms fostering student share.Good ideas please

2007-01-18 07:58:01 · 3 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate

3 answers

I think you can borrow three and a half to four times your annual salary.

2007-01-18 08:01:29 · answer #1 · answered by Anonymous · 0⤊ 0⤋

Bare minimum Â£3500 per month. But realistically (so you can still afford electricity and such) probably closer to Â£4500.

2007-01-18 16:27:47 · answer #2 · answered by Ender 6 · 0⤊ 0⤋

depends on your monthly payment--how good your credit rating is to allow you to refinance a better rate--talk to your mortgage co. or lender.

2007-01-18 16:01:59 · answer #3 · answered by Anonymous · 0⤊ 0⤋