Hi,
i had a slightly confusing conversation with a boi mortage
adviser today.
I told her that the top price for the appartment i was offered
is 295K.
She said they offered a 97% mortage -286K
But they only offer 4.75 times a persons income.
my income is 40K so they could only offer me 190K
Which leaves me with close to 100K to magic out of thin air.
Is all this right and is their any alternative - will all banks be similar.
If so i will not be able to afford my affordable home.
Thanks.
i had a slightly confusing conversation with a boi mortage
adviser today.
I told her that the top price for the appartment i was offered
is 295K.
She said they offered a 97% mortage -286K
But they only offer 4.75 times a persons income.
my income is 40K so they could only offer me 190K
Which leaves me with close to 100K to magic out of thin air.
Is all this right and is their any alternative - will all banks be similar.
If so i will not be able to afford my affordable home.
Thanks.