lovingboth: (Default)
[personal profile] lovingboth
This morning, we visited a mortgage adviser with the current mortgage provider about options for buying somewhere up t'north (ok, the East Midlands...)

Having what's left of the inheritance helps enormously because it gives a worthwhile deposit, ditto house prices there. She gave a little gasp when we told her how much somewhere with four bedrooms costs there - it's doable for £200k, i.e. substantially less than this two bedroom place would go for now.

On L's sole income and 30% deposit, they'll allow us to owe them £140k. So with £35k left on this mortgage, this gives £105k in a new mortgage.

If I get a job paying £10k, how much more do you think they'll allow us to owe them?

Poll #6551 Mortgage maths
Open to: Registered Users, detailed results viewable to: All, participants: 4


How much more is an additional income of £10k worth?

View Answers

£5k
0 (0.0%)

£10k
1 (25.0%)

£20k
0 (0.0%)

£30k
2 (50.0%)

£40k
0 (0.0%)

£50k
1 (25.0%)

£60k
0 (0.0%)

(no subject)

Date: 2011-04-10 01:57 pm (UTC)
barakta: (Default)
From: [personal profile] barakta
I don't know what to say other than Sympathies and $your-equivalent-of-tea cos there isn't much contrast with London for bits you care about.

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lovingboth: (Default)
Ian

February 2026

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