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Oil price jumps to $104 a barrel
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Originally posted by DimPrawn View PostMinimum wage as long as you put down a £400K deposit. HTHComment
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Originally posted by AtW View PostOk, so you think minimum wage £5k+ per year is ok to borrow £30k?"Is someone you don't like allowed to say something you don't like? If that is the case then we have free speech."- Elon MuskComment
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Originally posted by Pondlife View PostThey release a rich coffee aroma when ground and can be added to hot water to make a tasty beverage."You’re just a bad memory who doesn’t know when to go away" JRComment
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Originally posted by AtW View Post"average property in the capital costing 430,680 pounds."
And what kind of after tax salary is necessary to afford this average property?
To get the loan based on the Halifax lending criteria you'd need to be earning in the region of £65000 to get a 75% mortgage on that amount on a 25 year term.
Average income in London in 2010 was £39,000."Being nice costs nothing and sometimes gets you extra bacon" - Pondlife.Comment
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Originally posted by DaveB View PostA 25 year mortgage on £430,000 at 4.5% will cost you £2,416 a month in mortgage payments.
To get the loan based on the Halifax lending criteria you'd need to be earning in the region of £65000 to get a 75% mortgage on that amount on a 25 year term.
Average income in London in 2010 was £39,000.Comment
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Originally posted by DaveB View PostA 25 year mortgage on £430,000 at 4.5% will cost you £2,416 a month in mortgage payments. To get the loan based on the Halifax lending criteria you'd need to be earning in the region of £65000 to get a 75% mortgage on that amount on a 25 year term. Average income in London in 2010 was £39,000.
£65k salary is £3,721.70 net - 65% of net income spent on mortgage, and that using very low interest rates of 4.5%!!!
Clearly this average house price is totally unrelated to average salary and thus the market is completely and utterly overpriced.
For this reason I am out.Comment
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Originally posted by AtW View Post£39k salary is £2,402.85 monthly net wage - so this already makes this "average" house out of the reach.
£65k salary is £3,721.70 net - 65% of net income spent on mortgage, and that using very low interest rates of 4.5%!!!
Clearly this average house price is totally unrelated to average salary and thus the market is completely and utterly overpriced.
For this reason I am out.
If you are waiting for 3x income house prices, prepare to die waiting.Comment
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Originally posted by DimPrawn View PostIf you are waiting for 3x income house prices, prepare to die waiting.Comment
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Originally posted by AtW View PostI've chosen to increase my income instead
That's the way I look at everything.
Nothing is overpriced, you are just underwealthy.Comment
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