Medical Doctor

09 February 2017
share post tweet
Key issue:
Maximum levels
Case study:
Medical Doctor
Date:
2006-08-07
Mortgage amount:
6 times income

Outcome

Bank stretching may take accouunt of future prospects

Detail

Applicants are a married couple. Applicant 1 is a doctor and Applicant 2 is a homemaker. Mortgage required was 6 times income. They got it based on the fact that applicant 1 was a doctor and was eligible for promotion that entailed a large increase in the available overtime, this would have made the mortgage under 5 times income.