How could anyone lend us that much!

Really2

Do HSBC's one. If people belive they will get that after they fill in an aplication form and state there out goings, excellent.
The Crash is officialy over.:rotfl:
Does anyone have an idea what "Credit crunch" would mean?

kunekune

HBOS. But remember, it's staff, so the interest rates are low - perhaps they don't apply the normal multipliers? Those figures, of course, were salaries, not ages. Those are in the late 40s, and the bank's calculation took into account we want an 18 year term.

The people who said "but you won't really get that" kind of missed the point. We don't WANT that. We want about 140K max. We're not that stupid!

The loans officer OH spoke to mentioned that she gets two reactions. Some people say "but that's not enough" and others, like us, say "heck, I don't want to borrow silly money, what would happen if ... if ... if".

It's interesting though, if one thinks that the days of offering absurd amounts of money are past. And, btw, I haven't the faintest idea what multiple it was based on. I was hoping some mathematical genius here could tell me!

Really2

kunekune wrote: »

The people who said "but you won't really get that" kind of missed the point. We don't WANT that. We want about 140K max. We're not that stupid!

No offence but untill you get an offer you may not get that.

As far as I knew there were no preferential rates for staff or multiples and I know a guy who as been a director for a number of large Building societies.(he never got any preferential rates)

mr.broderick

mewbie wrote: »

So he's quite a bit younger than you???

Please don't ever leave x

mr.broderick

Geenie wrote: »

What does this have to do with what the OP is asking?

I have no idea but i laughed hysterically when i read it.

mr.broderick

lynzpower wrote: »

No no worse, Im in the mid 20s and OH in the early 20s.

We dont have a massive deposit and if we are looking to buy, we would be looking at around 170k places. We have about 45k dep. They were willing to lend us 285 the online calcuator said! thats mental!

I had you down for 34 at least.

lynzpower

mr.broderick wrote: »

I had you down for 34 at least.

And with such a youthful outlook!

kunekune

"No offence but untill you get an offer you may not get that.

As far as I knew there were no preferential rates for staff or multiples and I know a guy who as been a director for a number of large Building societies.(he never got any preferential rates)"

Oh really? Most of the big banks, etc, have lower interest rates for staff. I hope it's not a secret, LOL, but an HBOS staff mortgage involves BOE rate for borrowing up to 4x salary, no fees and also no early repayment fees and a reasonable rate if you leave (or if they make you redundant of course, LOL). There's no controversy there, after all, you pay extra tax on the benefit. It's ust that in the current market, it's a better deal than it was for the last few years.

Really2

kunekune wrote: »

"Oh really? Most of the big banks, etc, have lower interest rates for staff. I hope it's not a secret, LOL, but an HBOS staff mortgage involves BOE rate for borrowing up to 4x salary, no fees and also no early repayment fees and a reasonable rate if you leave (or if they make you redundant of course, LOL). There's no controversy there, after all, you pay extra tax on the benefit. It's ust that in the current market, it's a better deal than it was for the last few years.

As i said no offence but perhaps it is differnt with BS as their savers are the share holders.
How long do you get the rate and what is "reasonable if you leave"?

Really2

kunekune wrote: »

"No offence but untill you get an offer you may not get that.

As far as I knew there were no preferential rates for staff or multiples and I know a guy who as been a director for a number of large Building societies.(he never got any preferential rates)"

Oh really? Most of the big banks, etc, have lower interest rates for staff. I hope it's not a secret, LOL, but an HBOS staff mortgage involves BOE rate for borrowing up to 4x salary, no fees and also no early repayment fees and a reasonable rate if you leave (or if they make you redundant of course, LOL). There's no controversy there, after all, you pay extra tax on the benefit. It's ust that in the current market, it's a better deal than it was for the last few years.

At least if they accept you, you know how secure you husbands job is.
But if you are declined you have a good notice period.;)