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Affordability advice

wacko2k · 2010-02-27 21:22:13

I'm looking to apply for a mortgage next week for £94500 over 35 years. My current annual income is £22k and the only loan repayment I have is a student loan £52/month. I've spoken to two mortgage advisors and both believe I shouldn't have a problem getting the mortgage that I need. However when I look on various lenders…

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herbiesjp Posts: 8,499 Forumite

28 February 2010 at 12:04AM

In theory it is possible.

Things like LTV, credit score etc will dictate whether or not you will get the multiples agreed at the right level.

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.

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Affordability advice

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