We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

FTB with deposit - question

2»

Comments

  • opinions4u
    opinions4u Posts: 19,411 Forumite
    42. .......
  • Vetyver
    Vetyver Posts: 75 Forumite
    People, stop being so punchy. When I was first starting out, I didn't know better either.

    Nudda, it depends on the lender, but most banks will lend up to about 4x your annual salary.

    So multiply your income by four, then add your deposit amount. That's your max property price. Hope that helps.
  • _Andy_
    _Andy_ Posts: 11,150 Forumite
    1.....billion....dollars
  • JustAnotherSaver
    JustAnotherSaver Posts: 6,709 Forumite
    Ninth Anniversary 1,000 Posts Name Dropper I've been Money Tipped!
    Vetyver wrote: »
    People, stop being so punchy. When I was first starting out, I didn't know better either.
    I can appreciate that

    However, the very first reply is a request for more information which OP then refuses to give.

    Come on - you have to help others so you can help yourself.
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 353.7K Banking & Borrowing
  • 254.2K Reduce Debt & Boost Income
  • 455.1K Spending & Discounts
  • 246.8K Work, Benefits & Business
  • 603.2K Mortgages, Homes & Bills
  • 178.2K Life & Family
  • 260.8K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.