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Nickmart
Guest
Does anyone have advise on lenders who will look at mortgages at 4-5 times base salary?
We have 40% equity and a single salary of about 70 with fixed allowances taking it up to near 80 and a variable ~10% performance related bonus. Aditionally we have some other assets which we do not want to use towards the sale and are beyond the reach of the bank.
Our outgoings are relatively low so personaly we are comfortable paying 50% of our net although we understand most banks are going to take a figure of more like 40%. Are anyof them likely yo take the fixed allowance into account?
Thanks
We have 40% equity and a single salary of about 70 with fixed allowances taking it up to near 80 and a variable ~10% performance related bonus. Aditionally we have some other assets which we do not want to use towards the sale and are beyond the reach of the bank.
Our outgoings are relatively low so personaly we are comfortable paying 50% of our net although we understand most banks are going to take a figure of more like 40%. Are anyof them likely yo take the fixed allowance into account?
Thanks