Ready, steady… save!
You don’t need a chart to join in. Here are 2 ways to record your savings:
1. Cross it off
Pop a chart into your first post. Saved an amount? Cross it out! Read more »
£0.01 £0.02 £0.03
2. Write it down
Skip the chart and add updates to your first post. Read more »
“Another +£3 saved today. Go me!”
Use +£ before each new saving so it counts towards your total.
📨 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!
Mortgages on Affordability
ben9090
Posts: 88
Forumite
Can anyone reccomend a mortgage provider that will make decisions more on affordability then the standard income multiples?
Ive tried the online calculators for on all the websites but they cant get to what we need to bank other then Nationwide and maybe Santander.
Im good with money (tight!) no other borrowings, both been in the same jobs for 12&18 years and Ive no intention of borrowing more then I can afford and could still comfortably afford the repayments at 6-7% so find it fustrating that they wont lend what I need!
If anyone has an ideas Id be grateful to hear them,
Thanks
Ive tried the online calculators for on all the websites but they cant get to what we need to bank other then Nationwide and maybe Santander.
Im good with money (tight!) no other borrowings, both been in the same jobs for 12&18 years and Ive no intention of borrowing more then I can afford and could still comfortably afford the repayments at 6-7% so find it fustrating that they wont lend what I need!
If anyone has an ideas Id be grateful to hear them,
Thanks
0
Comments
-
Lenders no longer use income multiples. On the whole they use affordability, but they may have to adhere to the Treasury loan to income cap on higher loan to value lending.
If you want a more objective view of your options, speak to a broker. You may not be putting the right figures in the right boxes.I am a mortgage broker. 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. Please do not send PMs asking for one-to-one-advice, or representation.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 355.9K Banking & Borrowing
- 255K Reduce Debt & Boost Income
- 456.2K Spending & Discounts
- 248.4K Work, Benefits & Business
- 606.1K Mortgages, Homes & Bills
- 179K Life & Family
- 263.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.7K Read-Only Boards