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delboypass

Halifax Affordability Morgage Calculator

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Ive entered a random figure of £32000 sole morgage - no other commitments

Comes back with i can borrow £140000 to £160000

Halifax affordability calculator

Is this not a morgage of over 5x salary - Fecking crazy - you would think with their bad debts they would start to reduce this figure!!

How much can you borrow??

Then when you go to the page - how much do i have to pay back...

They list either - repayment morgage or interest only morgage...(with no mention of having to have any other repayment vehicle until you click on the hyperlink!!)

Repayment calculator

Edited by delboypass

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Guest Bart of Darkness

5x single income. About £9000 less if I put that I have 2 or more kids.

They will let me borrow £88,200 even if I claim to have a £1000 a month in debt repayment.

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Sounds pretty similar to what Bristol & West offered me in 2004. I almost fell off the chair. I recall it took her a fair while to reluctantly say "but of course that may not be affordable" - almost as if I was supposed to conveniently ignore that small issue, grab the cash, and run.

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I love the rate it suggested for me for a 70% LTV 4x Salary tracker:

"5 year tracker - Currently 12.99%. Tracks at 10.99% above Bank of England base rate (currently 2.00%) until 31/01/2014."

10.99% above the base rate, hardly seems worth the BoE changing the base rates with 11% slapped on top.

Edited by hazymemory

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£157,900

Single income of £32,000 (Mrs XYY is a "housewife") with 1 dependant child and £150 per month debt repayments.

If I can borrow that telling the truth, then what silly amount could I get doing an ERIC...?

Ladies and Gentlemen, we are fooked!!!

X

Y

Y

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According to my mate who works for Lloyds TSB the real due diligience starts when you actually apply for the mortgage - think trawling through your finances with fine tooth comb ...

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I love the rate it suggested for me for a 70% LTV 4x Salary tracker:

"5 year tracker - Currently 12.99%. Tracks at 10.99% above Bank of England base rate (currently 2.00%) until 31/01/2014."

10.99% above the base rate, hardly seems worth the BoE changing the base rates with 11% slapped on top.

It offered me exactly the same deal. I am thinking of switching as we speak.

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I love the rate it suggested for me for a 70% LTV 4x Salary tracker:

"5 year tracker - Currently 12.99%. Tracks at 10.99% above Bank of England base rate (currently 2.00%) until 31/01/2014."

10.99% above the base rate, hardly seems worth the BoE changing the base rates with 11% slapped on top.

10.99% above? Is that typical at the moment??

I thought lenders SVR's were around 7%?

Doesn't sound right to me, unless they are just trying to discourage potential borrowers.

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  • 302 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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