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Author anyone recently gone for a mortgage?
gsi-gaz
Member

Registered: 23rd Mar 03
Location: st helens
User status: Offline
30th Jan 07 at 19:48   View User's Profile U2U Member Reply With Quote

as above please peeps, just wondered what the current lending rate is really?

last time i went to see a mortgage advisor it was 3.5x joint salary or sumthing like that

just wondered if its changed, out of curiosity really

cheers
MarkW
Member

Registered: 19th Mar 04
Location: Orpington, Kent
User status: Offline
30th Jan 07 at 19:49   View User's Profile U2U Member Reply With Quote

house day?

and get some quote on moneysupermarket.com
Colin
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Registered: 4th Apr 02
User status: Offline
30th Jan 07 at 20:26   View User's Profile U2U Member Reply With Quote

the 3.5x joint salary wont have changed, the apr rate will have went up & you might struggle to get a fixed rate deal.
neoquip
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Registered: 12th Aug 02
Location: Nottm
User status: Offline
30th Jan 07 at 20:57   View User's Profile U2U Member Reply With Quote

HSBC will go to 6x's as long as you have no other outgoings!!
whitter45
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Registered: 15th Nov 02
Location: Norton
User status: Offline
30th Jan 07 at 22:48   View User's Profile U2U Member Reply With Quote

I was offered six times my slary mate - instead just took over 3 times my salary

Gives ud a shout gaz if you need any advice
Colin
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Registered: 4th Apr 02
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30th Jan 07 at 23:05   View User's Profile U2U Member Reply With Quote

6 times Biggest when I was looking was 4x, the norm was 3 times!!!

Must be changing to meet up with modern times

[Edited on 30-01-2007 by Colin]
whitter45
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Registered: 15th Nov 02
Location: Norton
User status: Offline
30th Jan 07 at 23:19   View User's Profile U2U Member Reply With Quote

yeah colin

base it on uk average wage of 21K

Thats 63 for 3 times so 6 times is 126k - going to struggle even with that so thats why there so high

I wasn't comfortable lending so much so opted for just over 3
whitter45
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Registered: 15th Nov 02
Location: Norton
User status: Offline
30th Jan 07 at 23:20   View User's Profile U2U Member Reply With Quote

also abbeys advert states 5 times for mortgage
topshot_2k
Banned

Registered: 1st Dec 03
Location: Northampton Drives: Pug GTi-6
User status: Offline
31st Jan 07 at 10:32   View User's Profile U2U Member Reply With Quote

i got a 124k mortgage on a 140k house. Fixed rate of 5.59% for 2 years with no fees.

hopefully should hear if my offer is accepted today

The banks all offer fixed rates, just shop around. Halifax and chelt & Glous BS are good.
whitter45
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Registered: 15th Nov 02
Location: Norton
User status: Offline
31st Jan 07 at 12:18   View User's Profile U2U Member Reply With Quote

jesus the rates have gone up

Just signed yesterday for the hosue - my rate is 4.96

[Edited on 31-01-2007 by whitter45]
topshot_2k
Banned

Registered: 1st Dec 03
Location: Northampton Drives: Pug GTi-6
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31st Jan 07 at 13:20   View User's Profile U2U Member Reply With Quote

with who?
whitter45
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Registered: 15th Nov 02
Location: Norton
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31st Jan 07 at 15:03   View User's Profile U2U Member Reply With Quote

Nationwide
topshot_2k
Banned

Registered: 1st Dec 03
Location: Northampton Drives: Pug GTi-6
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31st Jan 07 at 15:18   View User's Profile U2U Member Reply With Quote

oh, i tried them but they couldnt beat the halifax for me.
Ally
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Registered: 2nd Jul 03
Location: Pontypool Drives: a Skoda
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31st Jan 07 at 15:19   View User's Profile U2U Member Reply With Quote

I have a rate of 4.9%, 67950k mortgage based on a 15k salary 4.5x annual salary, mortgage based on affordability - not by salary multiplier
whitter45
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Registered: 15th Nov 02
Location: Norton
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31st Jan 07 at 15:48   View User's Profile U2U Member Reply With Quote

yes ally tahst right as someone may have a high salry but alot of out goings

Basically I could have borrowed 180k but repayments were just stupid
a_j_mair
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Registered: 23rd Jan 04
Location: Scotland
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1st Feb 07 at 10:39   View User's Profile U2U Member Reply With Quote

i was at mortgage advisor last night. said cant get upto 4.5 times your salary

also told me interest dates are changin pretty much daily on mortgages just now
topshot_2k
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Registered: 1st Dec 03
Location: Northampton Drives: Pug GTi-6
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1st Feb 07 at 10:44   View User's Profile U2U Member Reply With Quote

you can gte 4.5x as long as you can prove you can afford repayments.
whitter45
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Registered: 15th Nov 02
Location: Norton
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1st Feb 07 at 12:40   View User's Profile U2U Member Reply With Quote

quote:
Originally posted by topshot_2k
you can gte 4.5x as long as you can prove you can afford repayments.


can get more if they see at affordable
gsi-gaz
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Registered: 23rd Mar 03
Location: st helens
User status: Offline
3rd Feb 07 at 09:12   View User's Profile U2U Member Reply With Quote

is the 4.5 times or more, judged on a single salary or a joint salary?
MarkW
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Registered: 19th Mar 04
Location: Orpington, Kent
User status: Offline
3rd Feb 07 at 10:31   View User's Profile U2U Member Reply With Quote

quote:
Originally posted by gsi-gaz
is the 4.5 times or more, judged on a single salary or a joint salary?


alot of it is now judged on affordability you are beter of speaking to a mortgage adviser

 
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