If you’re on combined of about £80k no you can’t afford a £550k mortgage
Assuming you’ve got a modest amount of capital for your deposit.
£300k would be more likely affordable with 3 kids I’d say
If you meant can you afford repayments of £550 a month, then yes you should be able to.
Posted By: Tony Martin on November 27th 2019 at 21:48:32
Message Thread
- Wrath mortgage advice please. (NCFC) - Curnster, Nov 27, 21:38:32
- This guy seems to know what he’s talking about (NCFC) - Ben, Nov 27, 23:36:09
- Soz. More details. (NCFC) - Curnster, Nov 27, 21:54:09
- Yes no probs (n/m) (NCFC) - Old Splat, Nov 27, 23:00:25
- What do you pay now per month? What do you have left over each month? (n/m) (NCFC) - SimonOTBC, Nov 27, 22:49:29
- how crazy is this (NCFC) - ghostof barry butler, Nov 27, 22:43:23
- Yes easy afford that (n/m) (NCFC) - Tony Martin, Nov 27, 22:05:10
- Yes, that will be a doddle (n/m) (NCFC) - Jumbo1, Nov 27, 21:56:26
- that's on the assumption that interest rates will remain constant i spose? (NCFC) - Tombs, Nov 27, 22:01:17
- Do you mean £550k... or £550 is monthly payment? (NCFC) - Worthing Yellow, Nov 27, 21:51:22
- People pay more than that for rent/month on less income. (n/m) (NCFC) - promethian1, Nov 27, 21:56:47
- If you genuinely don't waste money (NCFC) - Old Splat, Nov 27, 21:50:03
- Here... (NCFC) - Jumbo1, Nov 27, 21:49:43
- If you’re on combined of about £80k no you can’t afford a £550k mortgage (NCFC) - Tony Martin, Nov 27, 21:48:32
- Depending on deposit and age - go on a mortgage calculator affordability site (n/m) (NCFC) - Jumbo1, Nov 27, 21:46:33
- I mean there are just so many variables (NCFC) - Duck, Nov 27, 21:43:41
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