Do you mean £550k... or £550 is monthly payment?
You need to model impact of potential interest rate change.
Affordibilty depends on a number of factors re monthly outgoings.
Is the question can you afford it, or is it will they lend it to you?
What's principal, the term and the rate? I'll knock up some figures.
Posted By: Worthing Yellow on November 27th 2019 at 21:51:22
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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