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I am complicated lookinng for a mortgage with a good credit rating
Comments
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Just how much above £600K do you want to borrow.
You say your joint income is £150K (is that including or excluding bonuses) most banks won't consider bonuses as they aren't guaranteed income.
Even if the £150K is excluding bonuses, you're already at a multiple of four times joint income at £600K, I think you'd be lucky to find a lender to go to those multiples even without taking your other circumstances into account.0 -
Just how much above £600K do you want to borrow.
You say your joint income is £150K (is that including or excluding bonuses) most banks won't consider bonuses as they aren't guaranteed income.
Even if the £150K is excluding bonuses, you're already at a multiple of four times joint income at £600K, I think you'd be lucky to find a lender to go to those multiples even without taking your other circumstances into account.
To clarify the OP says he has 24% cash deposit (c.!50k) so he is looking to borrow 3x joint income £450k not 4x.0 -
Bullfighter wrote: »To clarify the OP says he has 24% cash deposit (c.!50k) so he is looking to borrow 3x joint income £450k not 4x.
to clarify further, the OP has a 24% deposit but would still like to borrow £600k+
3. I want to borrow a lot of money (>£600k)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.0 -
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