thanks for the replies.
As I said, I'm not in the market for a mortgage for the next 18 months, but just wanted to get a feel for how lenders calculate the "multiple" they're prepared to lend. I guess, as with all mortgages, lenders are tightening their criteria and will continue to do so for a little while yet.
Nay problem, I'll concentrate on saving as much as possible so that when we do eventually move we can borrow as little as possible, and/or have a bit of money set aside for renovation if we choose a place that needs tarting up.
Ta
As I said, I'm not in the market for a mortgage for the next 18 months, but just wanted to get a feel for how lenders calculate the "multiple" they're prepared to lend. I guess, as with all mortgages, lenders are tightening their criteria and will continue to do so for a little while yet.
Nay problem, I'll concentrate on saving as much as possible so that when we do eventually move we can borrow as little as possible, and/or have a bit of money set aside for renovation if we choose a place that needs tarting up.
Ta
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