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  • You can get pretty close without really trying funky stuff.

    £220k @ 1% is ~ £800/month
    £220k @ 8.5% (some banks have SVR around this) ~ £1,800/month

    If he can't remortgage for some reason then he can end up stuck on SVR. It's been happening to a lot of people.

  • A lender would normally look at job stability. I wonder what the assessment of his future earnings are?

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