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The salary needed to afford Southend s cheapest properties

The salary needed to afford Southend s cheapest properties
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Southend on seaUnited kingdomTom newcombeRiviera driveஸௌஹெஂட் ஆன் கடல்ஒன்றுபட்டது கிஂக்டம்டோம் ந்யூகஂப்ரிவீயெர இயக்கி

The salary needed to afford Weymouth s cheapest properties

The salary needed to afford Weymouthâs cheapest properties (Photo:Zoopla) Hoping to get your foot on the property ladder? We all know that Weymouth is home to some pricey and luxurious places which- but there are also some more affordable options out there too. However, the hardest part about property hunting is figuring out which places you can actually afford on your salary, We have already looked at the average salary you need to afford the most expensive homes in the area- now it’s time to look at properties on the other end of the price spectrum. It s important to note that there are many factors that impact the cost of a mortgage and lenders assess affordability on a case by case basis- salary isn’t the only deciding factor.

United kingdomTom newcombeCaroline placeஒன்றுபட்டது கிஂக்டம்டோம் ந்யூகஂப்கரோலின் இடம்

The salary needed to afford Southend s cheapest properties | Clacton and Frinton Gazette

The retirement property is unfurnished but has a lot to offer its new buyer. The carpets have been newly fitted and the kitchen has a modern aesthetic. Southchurch Road Estimated annual mortgage cost: £5712 Annual salary when mortgage is 30% of total: £19,040 This property is £125,000 (Photo:Zoopla) If so, this affordable option could be a great way to get your foot on the property ladder. Best of all, this property is £10,000 cheaper than it was this time last year so act quickly if you want to place an offer. While it only has one bedroom, this room is large enough to accommodate a double bedroom.

United kingdomSouthend on seaTom newcombeFrinton gazetteRiviera driveஒன்றுபட்டது கிஂக்டம்ஸௌஹெஂட் ஆன் கடல்டோம் ந்யூகஂப்ரிவீயெர இயக்கி

The salary needed to afford the cheapest homes in Burnley

The salary needed to afford the cheapest homes in Burnley (Photo: Zoopla) Have you ever looked at the cheapest homes in the county and wondered what you would have to earn in order to buy them? Luckily, East Lancashire is home to some very affordable properties which are ideal for investors and first time buyers. Right now, the most affordable properties in East Lancashire are located in Burnley. Tom Newcombe, mortgages spokesperson for MoneySuperMarket said there are many factors that impact the cost of mortgage repayments. He explained: “Affordability depends a lot on a customer’s outgoings as well as income, but in general lenders will hardly ever lend above five times your income- for most people, four and a half times will be the limit.”

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The salary needed to afford Oxford s cheapest homes

This is especially the case in Oxford which is home to some pricey and luxurious places. In fact, Zoopla estimates that the average property price in Oxford is an eye-watering £528,102 However, it is possible to buy properties far below this average so keep your eyes peeled. We have already looked at the - now it’s time to look at properties on the other end of the price spectrum in Oxford. It s important to note that there are many factors that impact the cost of a mortgage and lenders assess affordability on a case by case basis- salary isn’t the only deciding factor.

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