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How much can I borrow ?

Hello All

Ive got my eyes on a house which is £900,000

How much deposit would i need ? Annual income is in the range of £250,000.

What sort of interest rate would i be lookin at ?

Many Thanks
«13

Comments

  • maninthestreet
    maninthestreet Posts: 16,127 Forumite
    Part of the Furniture
    With an income of a quarter of a million pounds a year, your accountant should be able to tell you, surely??
    "You were only supposed to blow the bl**dy doors off!!"
  • Euphoria1z
    Euphoria1z Posts: 952 Forumite
    whatever the going rates are for 75%ish LTV???

    what do you do to earn a mere £250k?
  • maninthestreet
    maninthestreet Posts: 16,127 Forumite
    Part of the Furniture
    Euphoria1z wrote: »
    whatever the going rates are for 75%ish LTV???

    what do you do to earn a mere £250k?


    An MP ?????
    "You were only supposed to blow the bl**dy doors off!!"
  • Euphoria1z wrote: »
    whatever the going rates are for 75%ish LTV???

    what do you do to earn a mere £250k?
    i run post offices and shops, most part of my income is legit.

    WHAT IS LTV ?
  • With an income of a quarter of a million pounds a year, your accountant should be able to tell you, surely??
    i just thought ill look at ongoing lending conditions and wasnt really sure if they still lend.
  • Mrs_Bumble
    Mrs_Bumble Posts: 1,028 Forumite
    Most part of the income is legit? What is that supposed to mean.

    How much of a deposit do you have?
    I am a Mortgage Adviser

    You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
  • i run post offices and shops, most part of my income is legit.

    most of it is legit?!
    2011 wins: £481
    Eleventh Heaven: 1 2 3 4 5 6 7 8 9 10 11
  • Your question: "How much can I borrow?" Ignoring your "alleged" annual income, I am going to go by your credit limit on your barclaycard. You state in this thread that your limit has been reduced from £1k to £550. My answer: I would guess at about tuppence ha'penny. :)

    http://forums.moneysavingexpert.com/showthread.html?t=1567379&highlight=
    We could all learn a little something from the weather. It pays no attention to criticism.
  • lol he's prob a little kiddie. No offence but in your other post if you really bring home 250k you would not worry about £8-£12 and phone customer services...........

    If im wrong then spank me down but with a balance of £456 (or watever it was in the other thread) i think someone is telling porky pies.
  • ginvzt
    ginvzt Posts: 4,878 Forumite
    1,000 Posts Combo Breaker
    I think it is a wind up thread, don't you all? No one in their right mind would say "most of my income is legit"!!!!!
    Spring into Spring 2015 - 0.7/12lb
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