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Do you need a job before a morgage?

Updated: 10/10/2023
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11y ago

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Mortgages are granted on the basis of ability to meet monthly repayments which you generally do from wages or salary so a job is required before a mortgage. You can of course be self employed and get a mortgage. Most mortgages are based on multiples of annual income, around 3 to 4 times, so £40K annual income covers a mortgage of £120k to £160k.

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11y ago
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12y ago

Yeh dude.

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