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First time buyer needs advice!
Comments
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Ihatecameron wrote: »Obviously he can't declare it as income, he can say he access to more funds if needed, through family and friends making his position stronger. Anyway he does not need extra funds, if someone on 18k cant get a 90k mortgage then the whole country is fcked, virtually no one will be able to get a mortgage.
Where have you been hiding for the last 3 years?
5x mortgages went the way of Lehman Brothers! It's all about affordability and 5x base income is quite a stretch.
This needs to be done by the book, either use a joint application or the OP needs to sign over the deposit to lower the income ratio.Thinking critically since 1996....0 -
It's all about affordability and 5x base income is quite a stretch.
Not really, it depends on the type of mortgage and how many years they want it for.0
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