Whats the most i can borrow on 15K

randomhed

Hi
Im looking to find out the most i can borrow, my income is £15,000, so far nationwide will lend me £61,000. Does anyone know anywhere that lends more than this?

Ps i have no debts and a good credit history.

Cheers Randomhed

smegy9

any deposit?

you may be able to go through a broker who might lend you more , based on affordability.

alexander hall would probably offer you more but just based on affordability.

if you don't have a deposit they are very unlikely to lend you the money as it shows poor financial management

toonfish

first national will lend more than anyone, but you need to ensure the repayments are affordable.

never heard of Alexander Hall

smegy9

what multiplier do these guys go up to?

talksalot81

Is there special reason why you would want to get yourself up to the more difficult levels of debt? Many savvy individuals might think you would be safer renting with your level of income and the market at its current level.

To answer the topic - abbey are advertising 5x, I know not if it would apply to your case.

toonfish

Mg_NG wrote:

I'm not sure if Nationwide does lend more than anyone. It would be better to make sure and get some advice. Perhaps this site can help?

you really are a spamming monkey

A fee of 1% of the loan may be payable on completion, subject to a minimum of £2,250.

bargepole!

randomhed

smegy9 wrote:

any deposit?

Ive got a deposit of £14,000.

herbiesjp

What is the purchase price you are looking at? So we can see what mortgage amount you need or are aiming for.

Viz_2

Go to Charcol online.
They have a mortgage calculator.

raq

all good advice but what can you buy for £61k and of course the £14k deposit.

So hard these days

zag2me

raq wrote:

all good advice but what can you buy for £61k and of course the £14k deposit.

So hard these days

That would get you a perfectly good studio apartment in most places in the country.