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BTL Bank of China
mstopham
Posts: 200 Forumite
Hello,
I would like to know, before applying, how BoC work out how much they will lend.
I have been told by a broker that they will lend max 75% LTV and that the income has to match 100% of a repayment mortgage. But then the figures he quoted me were more 60% LTV and a repayment of 70% of the income.
If anyone is able to clarify before I take the plunge in applying that would be appreciated!
I would like to know, before applying, how BoC work out how much they will lend.
I have been told by a broker that they will lend max 75% LTV and that the income has to match 100% of a repayment mortgage. But then the figures he quoted me were more 60% LTV and a repayment of 70% of the income.
If anyone is able to clarify before I take the plunge in applying that would be appreciated!
A+L Loan £168 Hitachi Loan £0 Bank of dad £19,664
Debt Free Date 01/08/13
Debt Free Date 01/08/13
0
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