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entwisi · 08-02-2006, 20:35

Depends on the lender. Some offer a lot higher than others but will probably offset their risk with higher interest rates on teh loan itself. General guidlines are

3.5 times single wage
2.5 times joint salary
or
3 times one plus teh second income

You can get a lot higher TBH do you really want to be spending your whole salary on a mortgage? You need some 'you' money or you will resent your mortgage as a weight round your neck as opposed to something that if part of your long term financial plan

08-02-2006, 20:35	#2
entwisi God Member Join Date: Apr 2004 Location: Up Bash Posts: 7,827 Blog Entries: 3 Liked: 44 times Rep Power: 4390	Re: Mortgages Depends on the lender. Some offer a lot higher than others but will probably offset their risk with higher interest rates on teh loan itself. General guidlines are 3.5 times single wage 2.5 times joint salary or 3 times one plus teh second income You can get a lot higher TBH do you really want to be spending your whole salary on a mortgage? You need some 'you' money or you will resent your mortgage as a weight round your neck as opposed to something that if part of your long term financial plan __________________ Ian Technical God, No 1 Geek And Linux Guru Have you seen my Flickr pictures?