We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
Debate House Prices
In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
FSA closes the mortgage stable door.....
Options
Comments
-
IveSeenTheLight wrote: »Point 1 is they key, Affordability.
If property is affordable having proven your disposable income, then lenders should be willing to lend. In this instance the mortgage multiplier is largely irrelevant
They'll be more mindful to what job you do and the prospects for you keeping it or prospering in it going forward. Disposable income isn't always permanent.0 -
They'll be more mindful to what job you do and the prospects for you keeping it or prospering in it going forward. Disposable income isn't always permanent.
I agree, disposable income can vary and change, but is a helpful tool to identify affordability at the start of the mortgage
Similarly an income multiplier is not totally efficient when you can have two totally different applicants with different disposable incomes:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.1K Banking & Borrowing
- 253.2K Reduce Debt & Boost Income
- 453.7K Spending & Discounts
- 244.1K Work, Benefits & Business
- 599.2K Mortgages, Homes & Bills
- 177K Life & Family
- 257.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards