We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
📨 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!
Small Mortgage
Options
Peelerfart
Posts: 2,177 Forumite
Some time ago I read that a building society officially classed a mortgage of £30,000 or lower as a small mortgage.
Just wondered if that has changed and if so what is it now ?,as it's always been a bit of a goal of mine (and I imagine,lots of others !)
to have an official "small mortgage ".
Just wondered if that has changed and if so what is it now ?,as it's always been a bit of a goal of mine (and I imagine,lots of others !)
to have an official "small mortgage ".
Space available for rent
0
Comments
-
Define "Small".
To someone on £1m a year, £300k might be "small".
To someone on £8k a year, £5k might be "small".
Its not really a term used to define a mortgage.0 -
Understand exactly what you mean minimike2 it is relative.
What I was referring to was the building society definition of a small mortgage.
I just remember reading they classed sub 30k as small ,maybe I misread it.Space available for rent0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.2K Banking & Borrowing
- 253.2K Reduce Debt & Boost Income
- 453.7K Spending & Discounts
- 244.2K Work, Benefits & Business
- 599.3K Mortgages, Homes & Bills
- 177K Life & Family
- 257.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards