When applying for a mortgage will they give a mortgage based on OTE?
We want to buy a house next year but looking at it monthly mortgage repayments would be around 1600-1800 - that's equivalent to what we currently pay in rent. Is that a good basis to go on?
If you're self employed (?) speak to CMME; they'll go with contract rate x hours, plus commission. Whether you have the appetite for a 6k+ a month loan is up to you...
Couple of questions:
When applying for a mortgage will they give a mortgage based on OTE?
We want to buy a house next year but looking at it monthly mortgage repayments would be around 1600-1800 - that's equivalent to what we currently pay in rent. Is that a good basis to go on?