morgage help !!!!

money_jar

Hi,
can anyone advise me if there is, or do you know any morgage companys that lend on the amount that you can repay each month, rather than your yearly salery
thanks

herbiesjp

There are companies that will lend on an affordability calculation rather than income multiples - what loan amounts are you looking at?

dougk_2

If you look through the messages on this board there are some that refer to exactly this!

IF,Abbey,Standard Life Bank and others all lend on affordability (Abbey I think up to 4.2x Salary if you have ap erfect credit history and no extra outgoings!)

bridiej

Hi Doug

Is there any chance you could post the links for the threads as I've just had a quick look through for money jar and couldnt see any that offer places they could go to.


Thanks

craigb_3

if you try skipton building society. website says income multiple but I know its affordability they work on.

bit complicated to explain on here how it works but income multiple does not come into it. at all.

money_jar

herbiesjp wrote:

There are companies that will lend on an affordability calculation rather than income multiples - what loan amounts are you looking at?

Hi Herbi were looking at around 80k over 23 years