We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 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!
A quick query
Options
Comments
-
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
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 350.9K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.5K Spending & Discounts
- 243.9K Work, Benefits & Business
- 598.7K Mortgages, Homes & Bills
- 176.9K Life & Family
- 257.1K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards