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Evidently. On £55k you can afford to borrow £247.5k. £247.5k + 10% deposit and you are looking at £272k properties. Check sold house prices in London and you
by CapitainEvident 5y ago
Evidently.
On £55k you can afford to borrow £247.5k.
£247.5k + 10% deposit and you are looking at £272k properties.
Check sold house prices in London and you’ll find plenty under £272k.
Possible in London which is one of the most expensive cities in the world.
- disgruntledphd2 5y agoSo this depends on what multiple the bank will lend you. In Ireland, it's 3.5 whereas it looks like it's 4.5 in the UK. Honestly though, apartments anywhere near the city in Dublin are still way out of reach for a person on your wage, even if the rules changed to 4.5.
- CalRobert 5y agoNevermind that saving a deposit while rents are quite high is no easy feat.