Elderflower
Registered User
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Query on mortgage repayment amount. Wondering if there is a limit on what is paid before using any over payment options.
Looking at purchasing a high value house as PPR and renting out some rooms to avail of the 14K tax free income to support the mortgage repayments.
My question is, is there a max monthly repayment amount? If so how is it calculated, Is it dependent on our salaries? if So, If we tell them our plans to rent out some rooms, would this allow us to increase the monthly repayments
Looking at purchasing a high value house as PPR and renting out some rooms to avail of the 14K tax free income to support the mortgage repayments.
My question is, is there a max monthly repayment amount? If so how is it calculated, Is it dependent on our salaries? if So, If we tell them our plans to rent out some rooms, would this allow us to increase the monthly repayments