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income to debt ratio
Comments
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What happens when the mortgage interest rate goes up if your incomes don't?Free the dunston one next time too.0
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What happens when the mortgage interest rate goes up if your incomes don't?
With about £2,000 a month to live on, unless rates go to 15%+ probably not a lot..............I am a mortgage adviser.You should note that this site doesn't check my status as a Mortgage Adviser, 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 -
along with utilities , luxuries etc.....50 % of income for the next xx amount of years is a hell of a commitment0
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along with utilities , luxuries etc.....50 % of income for the next xx amount of years is a hell of a commitment
But on an income of ~ £4k pm, it still remains affordable, I am sure a lot of the posters on here live on less than £2k pm in total which is what the OP will have after paying the mortgage.I am a mortgage adviser.You should note that this site doesn't check my status as a Mortgage Adviser, 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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