gnf_ireland
Registered User
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I have been wondering what people consider a fair mortgage interest rate to be for private residences (where the cost of borrowing is effectively 0%)
I have attached what I would consider a fair sliding scale to be in my personal view. I don't know how to make it a table on the post itself.
I will admit I am financially conservative in this area (lending) and I personally place more merit on Income Ratios than LTV ratios. I also believe Income should be calculated as the average of the last 3 years P60 returns. Nothing more and nothing less.
Any thoughts on whether you would consider this to be a fair interest rate or not ! Comments on a postcard please.
I have attached what I would consider a fair sliding scale to be in my personal view. I don't know how to make it a table on the post itself.
I will admit I am financially conservative in this area (lending) and I personally place more merit on Income Ratios than LTV ratios. I also believe Income should be calculated as the average of the last 3 years P60 returns. Nothing more and nothing less.
Any thoughts on whether you would consider this to be a fair interest rate or not ! Comments on a postcard please.