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Mortgage advice in:
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York, England |
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request free, personal mortgage advice from an appointed
representative of Legal and General, who are authorised and regulated by
the Financial Services Authority.
You should be contacted within 24 hours - ( provide a
daytime contact telephone number for priority )
Extract taken from the
Financial Services Authority web site:
Mortgages - Borrowing
How much should I borrow?
You can typically borrow up to three and-a-half times the main earner’s
income before tax, plus one times any second earner’s income, or
alternatively two-and-a-half times their joint incomes (if this is
larger).
Your lender may only count half of income such as overtime, commission
or bonuses unless this is guaranteed. Lenders will reduce the amount
they will lend if you have substantial outgoings such as other loan
payments.
If you are getting advice, the adviser has a duty to take reasonable
steps to ensure that you can afford a mortgage that he recommends.
Whether or not you get advice, lenders are required to lend responsibly.
This means that they should, based on things like your income,
expenditure and other circumstances, consider whether you can keep up
the mortgage repayments now and in the future; for example after an
initial discount period comes to an end.
Click
Here for a quick quote or initial
appraisal.
Think carefully before securing other debts against your
home. Your home may be repossessed if you do not keep up repayments on
your mortgage
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