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Yeah you're right actually, glancing at Rightmove (UK property site), and going by the standard 4.5x mortgage test, you're probably not going to get a decent fa
by Joeboy 4y ago
Yeah you're right actually, glancing at Rightmove (UK property site), and going by the standard 4.5x mortgage test, you're probably not going to get a decent family home in Central-ish London on £200k. Shit's fucked up.
Edit: To be clear the repayments on a £1m mortgage would "only" be like £60k a year, you only need £>200k to initially buy the place.