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Maximum Mortgage
benz
Posts: 112 Forumite
My daughter is looking to buy a 3 bedroom flat in London.
She is single and would rent out the other 2 bedrooms.
I will gift her the difference between the purchase price, (less savings), and the maximum mortgage available.
Would the income from her flatmates make any difference to the maximum mortgage offered, or would it still be 3 times salary?
She is single and would rent out the other 2 bedrooms.
I will gift her the difference between the purchase price, (less savings), and the maximum mortgage available.
Would the income from her flatmates make any difference to the maximum mortgage offered, or would it still be 3 times salary?
0
Comments
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Letting income would not be taken into account.
There is no hard and fast lending multiple. As the basic cost of living is the same for everyone. So as income rises then disposable income does likewise.0
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