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Unbelievable mortgage port story
Comments
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The title of this thread is misleading0
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surely the point is we are affording it and always have done (and more).
The point is that can you afford it now. That is now in a major recession, following a credit bubble that has burst and when banks are now making more level headed lending decisions.
Whilst you dont want to give any information, you can surely tell us what the income multiples are (and deduct costs of any other debts).I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
peter - often on this forum people ask why use a broker.
Your thread is the perfect example of where an experienced broker would have warned you 8 months ago of this possibility.0 -
If the base rate goes back up to 7% (still a low rate by averages) can you still afford your payments?
The mortgage lenders are changing the criteria to protect themselves.0
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