Mortgage advice?
How do you work out the amount likely tobe given for a mortgage?for example annual income of £26,000 x 5 = £130,000also it needs to be on a 100% mortgage as 1st time buyers but have no deposit due to baby on way and another kid.
Answer
Five times is quiote high, but sometimes you may get it. normally 4 times, or 3 times a joint salary of you and a partner.
they will also most likely want a 10% deposit, so £130k plus £13k savings.
