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[quote][i]Originally posted by Ojc[/i] Basic income multiples are 3 times your earnings, overtime and bonuses can be included. But... if you can prove you can afford the mortgage even if your income multiple does not in anyway reach the amount required to purchase your house lenders will often do income stretches. For example if you have been renting a property for £800 a month and you can prove that you have been paying this fine with no arrears and not going overdrawn or spending more than you can afford and your mortgage is something like £700 a month which is around a 150k mortgage over 25 years they will lend you the money. I mean I earn 18k basic a year and there is no way my income multiples (3 times salary) would allow me to buy a 150k house :lol: but I could afford the mortgage and bills and have some money left over. [/quote]
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