@propertybyjewels: SAVE 💾: Mortgage Basics 101: Cost of a £300k house (Like❤️ + Share 🚀) Owning your dream home in the UK? Here's a quick breakdown of the costs: Aiming for a £300k house? - You'll likely need a £30,000 deposit (10% recommended). - That means a £270,000 mortgage (90%). - Banks often look for pre-tax income 4.5x the mortgage amount, so around £60,000 (combined income works too!). But remember! - This is a simplified look - your outgoings (debts, childcare etc.) affect affordability. - Banks assess each case differently, so the income needed might vary. Share this with a friend who's dreaming of homeownership! 💬 Was this helpful? Let me know below 😃⬇️ Follow 👉🏾 @PropertyByJewels for more valuable content on all things Property 🏘️💰 🎥: @MarvBrownFilms Save For Later 💾 Share With A Friend 🚀 Like + Comment ❤️✍️ #mortgage #mortgageuk #mortgagetips #property #ukproperty #ukpropertymarket #ukpropertyinvestment #propertyinvestoruk #propertydevelopment #like #follow #trending #propertyinvesting

Julianah|Property Investor

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Monday 10 June 2024 08:36:08 GMT