Having what's left of the inheritance helps enormously because it gives a worthwhile deposit, ditto house prices there. She gave a little gasp when we told her how much somewhere with four bedrooms costs there - it's doable for £200k, i.e. substantially less than this two bedroom place would go for now.
On L's sole income and 30% deposit, they'll allow us to owe them £140k. So with £35k left on this mortgage, this gives £105k in a new mortgage.
If I get a job paying £10k, how much more do you think they'll allow us to owe them?
How much more is an additional income of £10k worth?
£5k
1(20.0%)
£10k
0(0.0%)
£20k
1(20.0%)
£30k
1(20.0%)
£40k
1(20.0%)
£50k
0(0.0%)
£60k
1(20.0%)
This entry was originally posted at http://lovingboth.dreamwidth.org/422141.html, because despite having a permanent account, I have had enough of LJ's current owners trying to be evil. Please comment there using OpenID -
