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Mortgage to income ratio
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paultither
Posts: 25 Forumite
Me and my wife are remortgaging and come £1000 over the threshold to the maximum mortgage to income ratio of 3.75 times our combined wages, which seems to be offered by most banks and building societies.
I realise there has been a tightening of belts regarding this but I wondered if anyone knew of a bank or building society who is offering 4 times your combinded income?
I realise there has been a tightening of belts regarding this but I wondered if anyone knew of a bank or building society who is offering 4 times your combinded income?
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Comments
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Nationwide use an affordability calculator
http://www.nationwide.co.uk/mortgages/usefulinformation/calculators/howmuchborrowing.htm
I just put in £40k joint salary with no debt and it come up with 4.1 x. Have a play about."Banking establishments are more dangerous than standing armies." Thomas Jefferson
"How can I believe in God when just last week I got my tongue caught in the roller of an electric typewriter?" Woody Allen
Debt Apr 2010 £00 -
Many lenders will look at that, e.g. HSBC, Abbey, Nationwide, C&G to name a few.0
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I have recently remortgaged to A&L and they offered me 4.24 x salary, LTV was 65%.0
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