6 x salary Mortgages

Thread: 6 x salary Mortgages

  1. Geko's Avatar

    Geko said:

    Default 6 x salary Mortgages

    Seen these on the internet. Anyone know anything about them? Anyone got one?
     
  2. reverend's Avatar

    reverend said:

    Default Re: 6 x salary Mortgages

    We went to see a mortgage advisor the other week and we're looking at around 3x which is limiting our options - I didn't realise they went this high any more - definitely time for some investigation!
     
  3. ratty's Avatar

    ratty said:

    Default Re: 6 x salary Mortgages

    6x? wouldn't even like the thought of that hanging over me
     
  4. BigBrand's Avatar

    BigBrand said:

    Default Re: 6 x salary Mortgages

    Quote Originally Posted by ratty View Post
    6x? wouldn't even like the thought of that hanging over me
    Depends on your salary. If you earn 100k a year, perhaps not. For a first time buyer say perhaps on 18-22k, at most is 130k
     
  5. B.I.G.'s Avatar

    B.I.G. said:

    Default Re: 6 x salary Mortgages

    Quote Originally Posted by BigBrand View Post
    Depends on your salary. If you earn 100k a year, perhaps not. For a first time buyer say perhaps on 18-22k, at most is 130k
    That's still a hefty wedge out of that 18-22k and unless you are sure you will climb the ladder over time and end up on a decent wage it'd be a hefty chunk for a long time.