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Originally Posted by aafc01
I work in the mortgages industry, in the area I work, the level of self-certs is less than 10%.
People are NOT allowed to over borrow on mortgages, it is strictly regulated (by the mainstream lenders) and there is a limit on what you can borrow.
Earn less than 20K? - 3.5x salary plus second salary
Earn more than 20k? - 4x salary plus second salary
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just out of curiousity , i earn roughly 25k / year , wife earns roughly 5k / year , so that means we could get a maximum of 105k mortgage , roughly how much does that work out per month