PDA

View Full Version : Borrowing?


MASSEY
23rd June 2010, 10:11
I have had a regular income for 4 years,

I now have other incomes seperate to the main 4 year income,

how long would I have had to recieve the other incomes for, for a lender to add them into calculations for amounts I can borrow. This is for mortgages.

That makes sense I think ;)

thankyou

BudgetB
23rd June 2010, 11:29
I would have thought that this would more depend on whether the lender saw them as continuing regular sources of income for the future, rather than how long you'd already had them...?

MASSEY
23rd June 2010, 11:36
Yes that what I mean. I'm hoping that 3 or 4 months of regular payments might be good enough.?

BudgetB
23rd June 2010, 11:41
It would probably depend on how much you are looking to borrow, over what term, and what the policies are of that individual lender.