(Untitled)

[satanicmantis]

Does anyone reading this have any experience/knowledge of mortgage companies? I'm just wondering how most lenders calculate how much they're willing to offer for a mortgage, whether it's based on pay, how many times my yearly pay the mortgage can be, etc...would be grateful for any info :)

Comments

[jabbawokki]

you should post this on lj_uk, you'll get loads of responses there.

[jabbawokki]

*livejournal_uk

[jabbawokki]

ps - isn't it 5x your salary or something?
ie if you earn 20k you can have a mortgage of 100k
but if you and a partner are both earning you add them together and multiply it by 5.

not sure though!

[satanicmantis]

Ooh, cheers :) Would it definitely be an appropriate thing to post in livejournal_uk though? Don't want to end up getting deleted because it's off-topic...

[jabbawokki]

no probs :) and yeah it would be appropriate definitely. people post all sorts on there, i don't even know what the community is primarily for (?)

[___therains]

Well when i was on 12k a year they told me i could have a morgage of 44 grand.. which is nothing!! It's really hard to get a morgage.