 Has anyone else had trouble with Richardson Equities LLC? |
| We recently tried to work with this company to purchase a home for us. What experiences have anyone else had? In the end they took our money, left us homeless and won't respond to any ... |
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 Need help with council housing? |
| My husband and I have recently spilt and I am currently in army accommodation, however before long I will be given 3months to move out. I cannot afford to rent privately so that is not an option. So ... |
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 Relocating from California to Atlanta, GA.? |
I am considering a relocation from the Bay area to Atlanta. I have never relocated before. What should I be thinking about and taking into consideration?
If any of you have done this ... |
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 Refinance: mortgage is 280K property value is only 230K. Do you know anyone who can refinance this? |
| The mortgage resets in another 2 months and the payment will go up about $500. Is their any plan to refinance this mortgage???... |
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 Do I have to be on the lease if I want to live w/bf or can't I just be a tenant under him? |
| I've lived with my bf for about 3yrs now and never had a prblm. until recently we complained about the noise from new tenants, I am now being asked to fill out an app,credit check and other docs ... |
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 How do I go about getting a REHAB Loan as a first time buyer? |
| I am a first time buyer, and I am finding it hard to find a good home in my price range. I am thinking of maybe buying a rehab house, but I don't know if it is possible to get a rehab loan as a ... |
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 What does flexible 2 bedroom mean? |
| I don't know if this means 1br convertible to 2 br, or if it means the lease is flexible.... |
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 Your Opinion - Should we change Realtors? |
| So hubby and his brothers/sisters all own their mothers house close to Lake Michigan. A year ago last January, we put it up for sale....almost two years later and it is still for sale. We started ... |
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 I am renting a house right now and would like to own it but do not have the credit to do so.? |
| The landlord said that I could just continue paying the morgage payments until the loan is paid off and then the house is mine. What type of contract should I make up for us both to sign.... |
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 Can landlord do anything if i just pack up and leave? |
| To make a long story short. We recently moved into a 2 unit building. When signing our lease stressed to our landlord we worked days and are in bed by 11pm and would like tenants with similar work ... |
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 Do you believe that Mortgage Lenders caused the real estate so called "crisis?"? |
| The interest rates are still great. (at one time they were 12%+.) The glut of inventory is caused by investors and buyers who didn't qualify or couldn't afford the houses they were buying, ... |
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 Closing cost for selling a home? |
| When I bought my home 3 years ago in California, I paid the closing cost at that time. And now, I am selling it, but my agent said that I will have to pay for closing cost again, he said that ... |
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 Our realtor offered us 5000.00 after we closed on house.Weclosed and she has never paid us 5000.00.? |
| Traci the realtor said if you buy my house I will give you 5000.00 at closing.She said I will selll the house to you for 115000.00 but we will take out the loan for 120000.00 so she would get more of ... |
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 Is it a good idea to let your tenant, who is struggling, rent for free for a month or two? |
| They pay 1000 a month, they are a family of 5 (two adults, 3 children). The father works only, but he had a disk herniation, and couldn't work for a year about 2 years ago..He's still a ... |
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 How much are the fees to refinance a mortgage? |
| I have a 30yr mortgage that i have had for 3 years. I want to start over with the 30 years. What would the fees be to do this?... |
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 Should I buy or keep renting? |
I've seen the calculators. Those are not what I want to see....
Here's the details. My fiance' makes about 50K and I'll be starting a part time gig in Sept. (Like waitress or ... |
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Anna | How much would we need to earn per annum to get a £70,000 mortgage? |
How much would a bank realistically be looking at us (a couple) earning to grant us a mortgage? What about if just one of us is working?
Thanks!
(Trying to figure out whether our monthly rent of £525pcm for a nice apartment is benefiting us compared with buying a v small £70k flat) |
 |
 
Twinkles
 |
The question should not how much do you need to earn but how much do you earn and how much could you borrow on it!
Each lender has it's own lending criteria and how much they will borrow, with some using income multiples and others looking at affordability. Those that use income multiples are generally looking at between 3 and 4 times your salaries (joint). However, before multipling the salary you need to take off the cost of any loans and credit cards you have. For example, if you earnt £20,000 but had a loan costing £100 per month you would need to deduct £1,200 pa from your annual salary. Then multiple it by the income multiple: £18,800 x 4 = £75,200.
You will also need to consider whether you have a deposit as there are currently very few 100% mortgages available and they are very strict now on who they will lend to. Plus you have the other costs of buying such as solicitors and valuations.
Overall, if you have the funds for the deposit and costs of buying, it is a far better option than renting as you have something to show for it. |
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Anthony M
|
Well, the only benefit you are going to get from your £525.00pm, is the comfort of what you are paying for, If you want to get on the property ladder, you'd do better to start with, say, this small flat, and progress from there, as for your finances, you must go to a Bank or some other money lender to give you the right advice for your circumstances. |
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LadyMoonlight!!
|
We got a £70k mortgage on a joint income of £25,000 in December 2005!
We bought our victorian terrace for £72,000, paid a 10% deposit and took out a mortgage for £65,000.
Our repayments are £402 per month (interest only). |
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L P
|
it really does vary lender to lender and also depends on any credit you may have as these payments are taken into consideration.
generally 3.5 times your income , so you would need to be earning around 20k combined.
if you contact through the website below , you can get figures |
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"JOHN"
 |
they usually say its 3 x your annual salary. obviously as well,depends how much deposit youre putting down. so i would say gross income per year of £25,000 for a mortgage of £70,000. |
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Infoicglobal M
|
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We render corporate finance service to large organization both inside and out side the country.
Hence, we at times referred to as Building Society or Housing Corporation.
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HOT LINES: +234-80-3-077-1388, +234-80-3-876-5480
IC GLOBAL
RC89773
P.O.BOX 4038
SAPELE, DELTA STATE,
NIGERIA, WEST AFRICA.
THE CUSTOMER IS OUR FOCUS.
THIS IS WHY WE HAVE CONSISTENTLY DEVELOPED NEW IDEALS TO MEET THEIR INCREASING DEMANDS.
WHOEVER YOU ARE AND WHAT EVER YOU DO,THERE;S SOMETHING IN IC GLOBAL FOR YOU!!! |
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Gem*
|
Depends on the deposit you would be putting down |
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ste_pej
|
You can calculate how much any mortgage would cost you by using the calculator here.... http://www.cml.org.uk/cml/consumers/calculator/mortcalculator |
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davey
 |
about 30k you can get a 90k mortgage and pay 420 - 520 pcm if the bank say no but you can afford it try a self certification mortgage |
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Necrid
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£35,000 |
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