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Mortgage depression!
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Maintenance and commitments are a little higher than assumed, but I would still expect you to get at least £175,000.
The savings, is that deducted from source on your payslips?
If it is, some lenders may count that as a commitment and that is going to knock maybe another £25k off your borrowing capacity but there is something not adding up.I am a Mortgage AdviserYou 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.0 -
Acg~thank you. No, the savings are not deducted from salary, it's just what we have been managing to put away voluntarily each monthThis is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0
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There is either something major not mentioned here or the Broker has made an error.I am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, 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.0
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