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A quick query
Comments
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But how many years income are you borrowing? Divide the amount you are borrowing by your annual gross income. (It is fairly obvious that you are 36!)missbeckylou77 wrote: »Hi again,
I am on the electoral role. My mortgage term has 23 years left and I am 36.
Fingers crossed!You might as well ask the Wizard of Oz to give you a big number as pay a Credit Referencing Agency for a so-called 'credit-score'0 -
I am borrowing 1.5 years income for the mortgage. Didn't know this was a factor in calculations. Interesting.
Thanks again for answering my questions.... even in the face of me stating the obvious!!!0 -
Mortgage lending of 1.5 times income is quite low, so you should not have a problem with underwriting. If you do, another lender will be there to take your business,You might as well ask the Wizard of Oz to give you a big number as pay a Credit Referencing Agency for a so-called 'credit-score'0
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