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What sort of mortgage could I get?
want2bmortgage3
Posts: 1,966 Forumite
Ok guys I currently have a mortgage of £100,000 on a maisonette I'm selling and wondering whether to transfer this to a new property (which I have only just begun looking) or whether to sell first then buy a new place with the lump sum I get as a deposit?
Income is currently £18k, deposit is likely to be between £20-30k. So I'm wondering whether it's still around the 4x income that they will lend you, to work out what property I can afford.Or whether to go part ownership or something.
Cheers.
Income is currently £18k, deposit is likely to be between £20-30k. So I'm wondering whether it's still around the 4x income that they will lend you, to work out what property I can afford.Or whether to go part ownership or something.
Cheers.
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