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How much can i borrow?
marklunn3602
Posts: 78 Forumite
Hi
We're thinking about moving but the OH went bankrupt in '08 so will just be applying for a mortgage in my name.
I earn 35k which gives me 2k per month. £1600 of that goes on mortgage, bills, food, petrol & all direct debits, everythings covered.
I average between £200 & £500 a month overtime on top of the 2k and the OH brings in another £400 to £500 per month.
We haven't started looking yet so any advice as to what we can expect would be very welcome so we have an idea what our price bracket will be.
Regards
Mark
We're thinking about moving but the OH went bankrupt in '08 so will just be applying for a mortgage in my name.
I earn 35k which gives me 2k per month. £1600 of that goes on mortgage, bills, food, petrol & all direct debits, everythings covered.
I average between £200 & £500 a month overtime on top of the 2k and the OH brings in another £400 to £500 per month.
We haven't started looking yet so any advice as to what we can expect would be very welcome so we have an idea what our price bracket will be.
Regards
Mark
0
Comments
-
Varies lender to lender but 4x should be achievable. OHs income won't be counted.
How much deposit will you have?0 -
How much savings do you have for your deposit?
Edit: Cross posted with _Andy_ - but the question is important!0 -
probably be about 30k0
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