We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
📨 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!
£200k deposit for mortgage.
Options
MoneyTreeMe
Posts: 55 Forumite
What would be the max property price affordable with a £200k deposit and £30k year salary, assuming £500-800 month mortgage repayments
Thank you.
Thank you.
-1
Comments
-
@moneytreeme Roughly speaking you may be able to borrow a maximum of 4.5 times your income so 135k.
This figure may be reduced based on your outgoings - dependents, car loan, credit card balance, etc.I am a Mortgage Adviser - 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 -
Ive managed to get a mortgage offer for £142500 with an income of 30k with Halifax.
I do not have any debts or car loans etc.0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.1K Banking & Borrowing
- 253.2K Reduce Debt & Boost Income
- 453.6K Spending & Discounts
- 244.1K Work, Benefits & Business
- 599.1K Mortgages, Homes & Bills
- 177K Life & Family
- 257.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards