Michael Graham Financial Services
01234 881183
01234 881183
How much can I borrow?
The formulae below have been provided as a general guide to how much that you can borrow:
Single person formula:
(3.25 to 4) X Single income
Two person formula:
(3.25 to 4 x Income 1) + Income 2
or
3 X Joint Income
(3.25 to 4) X Single income
Two person formula:
(3.25 to 4 x Income 1) + Income 2
or
3 X Joint Income
Important: The purpose of this is to give very approximate monthly repayments and should not be considered as a Consumer Credit Act quotation which is available on request. Any figures should be considered as a rough indicator of monthly cost and do not include other insurance costs. These figures should not be considered as a mortgage offer. All Mortgages are subject to status and valuation. A suitable life assurance may be required.
Your home may be repossessed if you do not keep up repayments on your mortgage