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Mortgage Affordability
mathewdaley87
Posts: 1 Newbie
I recently got an offer in principle from Skipton, then had an offer accepted on a house. I have provided all the information requested including wage slips to back up the money I am on which was the figure used to gain the offer in principle.
I am slightly worried as I have read that Skipton require a mortgage repayment based on the money lent with their SVR + 2% to be less than 50% of your wages after out goings. Mine works out at more like 55-60% of my disposilble cash.
Anyone had experience of this?
Surely they wouldnt have made the offer in principle based on my wages as my outgoings are fairly standard.
I am slightly worried as I have read that Skipton require a mortgage repayment based on the money lent with their SVR + 2% to be less than 50% of your wages after out goings. Mine works out at more like 55-60% of my disposilble cash.
Anyone had experience of this?
Surely they wouldnt have made the offer in principle based on my wages as my outgoings are fairly standard.
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