Hi,
We have not decided that we need or are willing to request an exemption to the central bank rules, but would like some information on the topic. IbeI searched here but haven't found anything specific.
We may be interested in breaching the 3.5x salary multiple. The 20% deposit (trading up) is not an issue.
How easy it to get an exemption ?
Is it easier if higher earners? (I think we might fall into that category but it's very subjective)
Is it true that banks tend to give them all out in the early part of the year ?
What is the type of multiple of salary that a bank will go to if granting? Eg 4x, 4.5x ??
Thanks a lot for any general information or experience that anyone can share.
We have not decided that we need or are willing to request an exemption to the central bank rules, but would like some information on the topic. IbeI searched here but haven't found anything specific.
We may be interested in breaching the 3.5x salary multiple. The 20% deposit (trading up) is not an issue.
How easy it to get an exemption ?
Is it easier if higher earners? (I think we might fall into that category but it's very subjective)
Is it true that banks tend to give them all out in the early part of the year ?
What is the type of multiple of salary that a bank will go to if granting? Eg 4x, 4.5x ??
Thanks a lot for any general information or experience that anyone can share.