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Debt to income ratio
Bandy1987
Posts: 18 Forumite
Hi,
Does anyone know what is classed as a good debt to income ratio?
Im about to apply for a mortgage with Halifax
Thabks
Does anyone know what is classed as a good debt to income ratio?
Im about to apply for a mortgage with Halifax
Thabks
0
Comments
-
Most Lenders are willing to lend x4-4.5 your income for a mortgage. Your existing debt repayments will reduce that amount accordingly.
If you didn't service your existing debt properly this will close the doors to most Lenders outright.0
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