How much could I borrow if I can afford a £600 per month repayment?

Posted on 14 February 2008

Hi,

I can afford to pay £600 per month back on a mortgage. How much roughly would I be able to borrow?

Hi Kerri,

This depends on how the income is made up, its regularity and its source.  You need to speak to a broker now who will take details of your personal situation (the conversation should last about half an hour) and give you quotes for the best deals for you.

If you would like to speak to a fees free, whole of market broker, Charcol can be contacted on 0800 358 55 60.

Category: First-time buyer

 

Answers provided in response to Ask Bea are based on the information provided and do not constitute advice under the Financial Services & Markets Act. They reflect the personal views of the authors and do not neccessarily represent the views, positions, strategies or opinions of Charcol Limited. All comments are made in good faith, and neither Charcol Limited nor Bea will accept liability for them.

We recommend you seek professional advice with regard to any of these topics where appropriate.

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