This website is approved by cradon investments ltd authorised and regulated by the financial services authority fsa no: 30050. Begin by slashing your expenses to the bone: check out these 25 quick money- saving tips. Northern rock, for example, could lend up to 5.

The standard variable mortgage rate over the first five years of the new millennium has averaged 7. 4%. Or you may wish take an interest only mortgage and cover part of it with your endowment policy and the rest with another investment vehicle. The lender thinks growth will drop to 5% by the end of the year, assuming base rate goes up another quarter point to 5%. Times after purchasing their first property. Times a single salary and 2. 7.

The longer the mortgage, the more you'll pay overall so your ultimate aim should be to overpay when feasible thus reducing the length of the mortgage term. This service is provided on times newspapers' standard terms and conditions. Mortagage repayment. Times a single income providing you earn £35, 000 and have a 5 per cent deposit. Brokers may offer multiples of up to five times income. Blackfriars road, london, se1 8nl tel : +44 0 20 7490 8111 fax : +44 0 20 7490 1255 e- mail :. Today, four times single and three times joint would be closer to typical, says boulger.

The usual length of a first- time mortgage is 25 years which sounds like a scarily long period of time. You have three weapons to wipe out your mortgage: your income, your expenses and your assets. This means you could end up borrowing between two and - in exceptional circumstances - five times your salary in isolation. Where to find your mortgage. The maximum ltv is 85 per cent, the minimum loan is £15, 000 and maximum loan, £500, 000. Pay off your mortgage in five years.

From skipton building sociCat stands for cost, access and terms and, while it is early days, some mortgages which fit the criteria are now available. Capped mortgages: best of both worlds?Caroline parker, financial dynamics, +44- 0 7917- 648526,. On the other hand someone earning between £17, 501 and £25, 000 with a low pass and wanting a tracker rate could only borrow 3. 5. Ask yourself: is having a car more important than being mortgage- free?

Some lenders will allow as high as 5 times single and 4 times joint income. Unisys provides service excellence right across the mortgage market, with services that include. The sunday times september 17, 200.

Yes, we can normally arrange a mortgage upto 95% with unlimited adverse. We can give you free mortgage quotes " it's fast and easy " click here now to find out more. Direct debit payments. But the halifax says that the average lent to first- time buyers has remained the same for the past 15 years, at just 2.

First- time loans up to five times your salary. Million mortgages between us, the average mortgage debt is currently around £73, 000. Borrowers also need to watch out as three lenders have applied similar tactics to their mortgage rates. Even in this cooler housing market, nationwide building society is still forecasting price rises of 5 per cent this year.