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HSBC Mortgage Calculator
wheredoibegin
Posts: 1 Newbie
Hi All,
First post. Some really great stuff on here.
I am currently saving for my first place.
I have been surfing the net and entering my details into lots of different 'How Much Can I Borrow' Calculators.
HSBC's one brings a massive smile to my face with the amounts that it spits out...
But how accurate are these calculators?
I look forward to your replies!
WhereDoIBegin
First post. Some really great stuff on here.
I am currently saving for my first place.
I have been surfing the net and entering my details into lots of different 'How Much Can I Borrow' Calculators.
HSBC's one brings a massive smile to my face with the amounts that it spits out...
But how accurate are these calculators?
I look forward to your replies!
WhereDoIBegin
0
Comments
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HSBC is not known for its lending generosity, so I would suspect the accuracy of the output, if it looks massively greater than others.
Typically, you will be able to borrow upto 4.5 x income, after taking into account dependents, credit etc.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 -
wheredoibegin wrote: »Hi All,
First post. Some really great stuff on here.
I am currently saving for my first place.
I have been surfing the net and entering my details into lots of different 'How Much Can I Borrow' Calculators.
HSBC's one brings a massive smile to my face with the amounts that it spits out...
But how accurate are these calculators?
I look forward to your replies!
WhereDoIBegin
I did the nationwide mortgage calculator and it was very accurate. I have since got a MIP from nationwide and have been offered the same amount as the rough online calculator suggested.
It will depend on your circumstances though o course, if you are honest and you know you don't have bad credit then it may well be a very good guide.YNWA
Target: Mortgage free by 58.0
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