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Stoorie | 14:02 Tue 22nd May 2007 | Personal Finance
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how much of a mortgage could I get on my salary
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There's no hard and fast rules, go to your bank or mortgage advisor, who can give you better advice
Would help if you said what your salary was.

It is usually in the region of 3.5 x salary but some lenders will lend you 5 x salary if they are confident that you can afford the repayments.

Go see a mortgage adviser. There are some lenders that calculate your ability to repay a loan by income and expenditure, so standard income multiples are not applicable. You can get 7 or 8 times your income, although I wouldn't recommend it.

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