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Mortgage newby - hopefully!
russetred
Posts: 1,335 Forumite
Looking for opinions on if either of these options would work.
Applied for RTB and we were expecting a value of 100K with 60% off we also have savings of 20K to put towards it. Joint income of 15K and looking for mortgage over 12 years due to age.
However value came back as 135K still with 60% off. We can stretch to 24K savings or would we be better adding 3 person(son who permanently lives with us) to the mortgage which would add an extra 9.5K to our income?
Would be grateful for any views on this. Thanks
Applied for RTB and we were expecting a value of 100K with 60% off we also have savings of 20K to put towards it. Joint income of 15K and looking for mortgage over 12 years due to age.
However value came back as 135K still with 60% off. We can stretch to 24K savings or would we be better adding 3 person(son who permanently lives with us) to the mortgage which would add an extra 9.5K to our income?
Would be grateful for any views on this. Thanks
"Sometimes life sucks....but the alternative is unacceptable."
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