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House value to go for
FocusQueen12
Posts: 17 Forumite
Hi
Just a quick question. On earnings of 35-40k what value of house should I be looking at? 2.5 times salary?
Thanks in advance.
FQ
Just a quick question. On earnings of 35-40k what value of house should I be looking at? 2.5 times salary?
Thanks in advance.
FQ
0
Comments
-
Normal is 4x income but much depends on job, dependants, deposit etc
Why not speak to a mortgage broker first0 -
Borrow is what affordable to you based on your circumstances. There's no one size fits all.0
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You can always go onto one of the lenders' websites and input your income / outgoings for a rough idea of what you might be able to borrow based on those figures.
Don't forget to leave some cash for stamp duty, fees, and to allow you to do the inevitable immediate things which are needed when you move into a new house.0
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