How much can I borrow?

Posted on 27 March 2008

I have a deposit of £25,000 with another £25,000 in shares and investment funds. I am single, aged 39 and have no debt. Would it be possible for me to get a mortgage for £180,000. I earn £22,000 per annum.

Hi Neil,

Unfortunately, even if you do cash in the investments so that you have £50,000 deposit, you would be pushed to get more than 4.5 x income as the mortgage. I would budget for a mortgage of around £100,000.

Category: First-time buyer

 

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