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Another How Much Can I Borrow?
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Jackop
Posts: 150 Forumite
Hi All,
Iv been looking around with the online calculators for the different companies and its getting very varied. I thought i would come here for advice instead.
My situation is that i have a deposit of around £25k looking for a property around the £160k mark ideally (but not the end of the world if not).
My question is, how much can i borrow?
My girlfriend and i have a combined salary of £38k plus i get a quartely bonus which adds up to about £3k per year.
We have no dependants and no debt whatsoever (apart from my gf student loan but i heard that doesnt count).
Any ideas of a ballpark figure of our maximum borrowing?
Thanks
Jack
Iv been looking around with the online calculators for the different companies and its getting very varied. I thought i would come here for advice instead.
My situation is that i have a deposit of around £25k looking for a property around the £160k mark ideally (but not the end of the world if not).
My question is, how much can i borrow?
My girlfriend and i have a combined salary of £38k plus i get a quartely bonus which adds up to about £3k per year.
We have no dependants and no debt whatsoever (apart from my gf student loan but i heard that doesnt count).
Any ideas of a ballpark figure of our maximum borrowing?
Thanks
Jack
Borrowed - £148000 June 2013
Original MF Date - May 2038
Aiming For - March 2031 (At Latest!)
Overpaid - £490.00
Daily Interest - [STRIKE]£18.16[/STRIKE] £18.09
Original MF Date - May 2038
Aiming For - March 2031 (At Latest!)
Overpaid - £490.00
Daily Interest - [STRIKE]£18.16[/STRIKE] £18.09
0
Comments
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You are in the right ballpark on the numbers..
Given your deposit and income this should be achievable, other things being equal...
Good luckI am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, so you need to take my word for it.This signature is here as I follow MSE's Mortgage Adviser code of conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0
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