SidTheDweeb
Registered User
- Messages
- 99
My question is do lenders take into account future earning potential?
By the way - please reregister with a different username as the one above is unacceptable. When you do this let me know and I can merge your existing posts into your new profile. [Update - user registered with different name and previous posts attached to new registration].I understand that the rule of thumb for getting a mortgage is roughly multiply gross salary by 4 (am I wrong?)...
Is there any lender that might consider giving us a decent mortgage now?
Not true.
- how is the bank to know he will pass?provided I pass
I'm sorry if this contradicts what some people believe but it is a fact - I have no reason to mislead.
Accountants (I speak as one) are generally looked favourably upon by lenders, as are other professionals, so the OP may have a chance of getting a higher mortgage than most other 'low' earners.
Sherman said:As CCOVICH said, I'm sure one of the brokers who posts here will clarify matters.
Why do you seem to assume that somebody could not live on €700 p.m. as long as they live with their means?soc said:That means this person would have €700/month to live on!
Who's "they"? I've never heard that rule of thumb before.Don't they say, in order to be financially secure, one's mortgage repayment should be <50% of monthly take-home pay?
Interesting mixed metaphor.People are treading on VERY thin ice, just to get on the property ladder.
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