Home | Links | Contact Us | Bookmark
Financial Forum Search :
   Homepage      News      Financial Topics     Finance Directories      Financial Forum      Dictionary  
Financial Forum    Personal Finance
Finance Discussion Forum

 What is a good way to make $35.00 in a week?
I need $35.00 I am going to get a new phone this weekend and if I don't get the money I can't get the phone I want. I am only thirteen and in the 8th grade so what options are there for ...


 I want to start clear up my credit. but i need a loan to get some small items cleared up i need a loan. ???
i want to clear up my credit but i have some outstanding stuff that is keeping me underwater. i need to get a loan to clear up some of thiose issues so i can have extra money to start paying other ...


 Can i trust these website that takes from u about 60$ and u start to work for them online?
hi people i searched the net for some online careers and i found aweb site that offers u an online data entry job but to register u hav to pay 57 dollars and its really well paid so am confused about ...


 Will a bankrupty stop a foreclosure long enought to sell the house?
I have been trying to sell my house and I have a buyer but I have to hold off a foreclosure for about 30 days. I have asked the bank but they wont extend the time. can I start a bankrupcty to hold ...


 How rich does a person have to be until their consider famous?????
...


 If I File For Bakruptcy, Will They Find My Bank Account?
I have some school money squirreled away in my bank account, but I have to file for bankruptcy b/c I tried to open a small cafe with my mom (all in my name). We lost our shirts, and I was left ...


 Which bank are you with?
...


 I am looking for ways to make extra money on the side of my current job. Can anyway give me any ideas?

Additional Details
Im in the UK...


 How can I save £200 per month?
...


 Is there anyway to get a £68,000 mortgage with no deposit?

Additional Details
The house is currently on the market for £71,000. We are first time buyers....


 If I don't have a bank account, can i pay a cheque which has been made out to me in a friends account?
...


 If you file bankruptcy, how can you ever repair the damage done to your credit?
I am unemployed, 50 yrs. of age, no money in the bank, no savings, no retirement, no job. How can I save myself from this mess?...


 What % of your bills do you pay online?
I have read that it is actually safer to pay online. Do you think something like billpay at your bank is best or just going to the biller's site?...


 Making money quickly?
I bought a gift for my husband and I don't want him to see the credit card bill. Father's Day gift. I am planning on paying it off. Other than my normal job (which I work from home) How can ...


 I got an e-mail stated that i won one million dollars frim freelotto.com.?
They asked me to fill in the form and the form requiring credit card number. Is it true or they are tring to cheat us?...


 What have you done for money when you've been completely broke?
I cashed in the 777 lottery ticket I bought on my birthday. And was excited to get the seven dollars prize money! I think I'll start selling gadgets on ebay too....


 Enough money in life..?
If a person has one million dollars closed up in a bank account and they are close to 40, is it possible to live your life without working?...


 Does anyone really like work?
What would be your best job and what would be a comfortable living wage where you come from .Mine would be 2000 .euros
Additional Details
I actually work 60 hours a week and do the house ...


 What is the fastest way to earn money quickly online?
Hello what would be the BEST way to earn money quickly i need about 1000 dollars to get a moped by 2009 so in a way i have time but preferably quick though. so again what is the best,quickest way to ...


 I have an old friend who has $100K in debt but he cannot pay his bills?
He owes $100K with his credit card but his wife co-owns a coop apt with his son. Since none of them has the resources to pay the debt, my friend cannot pay any of his bills and he has not paid his ...



Dr Drop Dead
How much money should I be earning a year minimum if I wanted to buy a million pound house?
                     
 




chopchubes
Rating
Well, guessing that the same (or similar) rules apply to people with this much cash, you'll need to be earning more than £333,000 per year (bearing in mind that a large proportion of this will go to the taxman).
Also you'll need a £150,000 up front for a 10% deposit and the 5% land tax.

The thing is, if you're that minted you can afford a good accountant who will probably save you a whole bunch of spoondoolies.

I reckon you could probably get away with about £150,000 a year if you buy the house using your limited company to avoid a large amount of the tax.

Good luck with that.


red beret
Rating
£333,333,33p


Lovely B
Rating
I will guess a quarter of a Million pound...in the US they do your income divided by 4.


ajoyner
Rating
Usually bankers look for your monthly payment to be between 28% and 32% of your monthly income. So it depends on how much money you could put down.


steven.sant@btinternet.com
Rating
if you need to ask you cannot afford


Gordie
In America, our houses are way bigger and we don't pay half as much as you do in Britain, don't let any of these Americans tell you differently.


sexy legs
Hah ! you would need to marry a woman and let her earn that kind of money for that house as i doubt you could bring in the dosh .. You will need a woman ! re: ur previous question .


vanamont7
Wow. That's like two million dollars U.S.! But, given it's England, if you can afford a place like that it's probably worth it. More so than here. I think it would be upwards of one hundred fifty thousand pounds annually.


markiemooshire
Rating
This will depend on the size of the deposit you can put down. Most lenders are more flexible on your purchasing power the larger the deposit you can put down - for example if you have a 25% deposit to put down, high street lenders will lend you approx 4 * your income. Therefore if you had £250,000 deposit, you would be able to mortgage £750,000 for which you would need an income of £187500. Some lenders are now using affordability calculations which mean that they would look at your ability to repay the loan rather than the actual amount of money you were earning. In these cases the mortgage payment would need to be no more than typically 30-40% of your monthy income. If you do not have as much as 25% deposit the income multiples used to calculate your borrowing would be reduced to approx 3.5* your income, however there are fewer lenders that would lend up to £1million without a substantial deposit.


ron£million
hai , you should be earning atleast £250000/year to buy what you wish for . according to my clculation this answer is right. thank you bye have a good night.


jinx
loads


Frank Castle
How much is the down payment and how long is the loan?


 Enter Your Message or Comment


User Name:  
User Email:   
Post a comment:







Archive: Forum -Forum -Finance - Links - 1 - 2 - RSS - All RSS Feeds
The Causes and the Results. 0.034
Copyright (c) 2011 Financial Crisis Monday, May 28, 2012 - Terms of use - Privacy Policy