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How much will I be able to borrow?
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shazza185
Posts: 1 Newbie
I am separated from my husband and in the process of selling our house.
I will probably end up with about £40k deposit to put down on another house.
My salary is £15800 per annum including working tax credits how much do you think I will be able to borrow?
I will probably end up with about £40k deposit to put down on another house.
My salary is £15800 per annum including working tax credits how much do you think I will be able to borrow?
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Comments
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A lot of lenders will base their multiples/affordability calculations in terms of what property prices you are looking at.
What are the prices in your area?
Also i think you need to separate your gross yearly income away from your tax credits, as not all lenders take these into account - what would the break down show?I am a Mortgage AdviserYou 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.0
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