4 ms·
>"All of this and more, for £200,000 a year." Question for the Brits here: how long would it take someone making this salary, and supporting a family, to affor
by spaced-out 6y ago
>"All of this and more, for £200,000 a year."
Question for the Brits here: how long would it take someone making this salary, and supporting a family, to afford the down payment to a reasonably sized house within 1/2 hour of where they would be working (which I assume is central London)?
- robotmay 6y agoGenerally the minimum for a mortgage here is 5%, though I think it might be more like 10% in the current climate. If you can expand the distance to within 45 minutes you'd get a lot more for your money as that suddenly puts a reasonable area outside of the M25 within reach.
- djhworld 6y ago£200k a year you'll be very comfortable, and could probably get a mortgage on a £1million house depending on your deposit (downpayment)
- toyg 6y agoA £1m house sounds big, but in central London that’s... not really big at all. I guess it depends on expectations.