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High salary mulitple, but with greater than 25% deposit
Comments
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Glad to know there are still human beings in banks.
Difficult position, though you have the fallback that you could work if necessary? If inflation increases, salaries increase and the mortgage size drops in real terms.I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.0 -
Glad to know there are still human beings in banks.
Difficult position, though you have the fallback that you could work if necessary? If inflation increases, salaries increase and the mortgage size drops in real terms.
I'd certainly be applying for jobs in that area, and we would be using that for any permitted overpayment/savings/non-essential spending and saving when/if it became available.
We are undecided as yet, and will be for while, what we will do in practise (continue as we are or proceed with this) but we certainly wanted to know what our options are.
Yes, its nic to know we can get it and the bank are 'supportive' but whethr it is wise or not, well, that is another matter. Gosh....to se the futur really would be handy wouldn't it?:o0
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