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Mortgage application - self-employed
Comments
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5x income is easily affordable if you are good with money. Often it forces you to be good with money.
Given there is additional income, beyond the 30k we can show easily, then this should be fine.The J is a Financial Advisor-This site doesn't check anyone's status and as such any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Always seek professional advice.0 -
5x income is easily affordable if you are good with money. Often it forces you to be good with money.
Given there is additional income, beyond the 30k we can show easily, then this should be fine.
Thank you. This is reassuring. I think we are just going to have to apply and see when the time comes. The reality is that we can't get what we need (subjective, I know) with less mortgage. Ideally we would borrow roughly £165k, but we'll just have to hope somone will accept our low offer
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