{"id":113243,"date":"2019-12-23T14:00:38","date_gmt":"2019-12-23T07:00:38","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/how-can-we-get-a-mortgage-thats-more-than-3-5-times-our-income\/"},"modified":"2019-12-23T14:20:00","modified_gmt":"2019-12-23T07:20:00","slug":"how-can-we-get-a-mortgage-thats-more-than-3-5-times-our-income","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/how-can-we-get-a-mortgage-thats-more-than-3-5-times-our-income\/","title":{"rendered":"How can we get a mortgage that's more than 3.5 times our income?"},"content":{"rendered":"


\nReaders with no debt who want to move closer to work and a good school seek adviceQ My husband and I own a home worth about \u00a3400,000 which is now totally mortgage free. He commutes a long way to work each day and as we have two young children, we are considering moving to the town where he works. Property there is more expensive, but the schools are good and the children would benefit from seeing more of their father during the week. Ideally we would like to make a step up and buy a detached family home, which in the area we want (where there\u2019s a school we like) would cost about \u00a3725,000. We would need to borrow \u00a3325,000 to do this. I am a stay-at-home mum but my husband earns \u00a348,000 per year plus about \u00a38,000 in commission.I have heard about mortgages where you can borrow more than the typical 3.5 times annual income which we would probably need to apply for. We feel we can afford to stretch our finances to take on the extra borrowing as we have no other debts or loans and have some savings in the bank. We could accommodate the repayments in our monthly household budget. Can you please advise us on how to access these type of mortgages, where do we find them and how can we maximise our chances of being approved for the mortgage loan?XF Continue reading…
\n
\nSource : theguardian.com
\nRead more…How can we get a mortgage that’s more than 3.5 times our income?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Readers with no debt who want to move closer to work and a good school...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-113243","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-tsv","jetpack-related-posts":[{"id":70452,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/consumers-still-confident-enough-to-borrow-but-mortgage-numbers-fall\/","url_meta":{"origin":113243,"position":0},"title":"Consumers still confident enough to borrow, but mortgage numbers fall","date":"October 30, 2017","format":false,"excerpt":"\r \r \r Source : telegraph.co.uk\r Read more...Consumers still confident enough to borrow, but mortgage numbers fall","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":131763,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/santander-cut-mortgage-offer-because-i-was-pregnant\/","url_meta":{"origin":113243,"position":1},"title":"Santander cut mortgage offer because I was pregnant","date":"November 23, 2022","format":false,"excerpt":"\r Its terms and conditions state it does not discriminateI am eight months pregnant and have had a joint mortgage application rejected after being asked by a Santander customer services agent if I was expecting a child. 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We own the house and all outbuildings\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":121751,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-homeowners-repay-1-4bn-more-mortgage-debt-in-july-than-they-borrow\/","url_meta":{"origin":113243,"position":3},"title":"UK homeowners repay \u00a31.4bn more mortgage debt in July than they borrow","date":"August 31, 2021","format":false,"excerpt":"\r Tapering of stamp duty holiday in England and Northern Ireland fuels drop in housing market activityUK homeowners made a rare net repayment of mortgage debt in July as the tapering of the stamp duty holiday in England and Northern Ireland fuelled a drop in housing market activity after a\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":131122,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/should-we-overpay-the-mortgage-and-borrow-money-for-house-renovations\/","url_meta":{"origin":113243,"position":4},"title":"Should we overpay the mortgage and borrow money for house renovations?","date":"October 24, 2022","format":false,"excerpt":"\r The work would cost \u00a325,000 and we can afford to save about \u00a3500 a month towards itQ We currently have a mortgage of \u00a3122,000 and need to complete some home renovations costing \u00a325,000. We can afford to save about \u00a3500 a month to put towards the house renovations but\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":147162,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-first-time-buyers-would-you-borrow-up-to-six-times-your-earnings-for-a-mortgage\/","url_meta":{"origin":113243,"position":5},"title":"UK first-time buyers: would you borrow up to six times your earnings for a mortgage?","date":"September 24, 2024","format":false,"excerpt":"\r We would like to hear what you think of Nationwide\u2019s offer to first-time buyers taking out a home loanIn what is a first for a major high street lender, Nationwide, Britain\u2019s biggest building society, is allowing first-time buyers to borrow up to six times their income.From Tuesday, it would\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/113243"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=113243"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/113243\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=113243"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=113243"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=113243"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}