Financing Tips

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Living on a Low Income: How to Make More Money in the UK to Pay Off Your Mortgage

Your low income can limit your financing options when you want to buy a home. In the UK, banks and building societies typically lend a maximum of 4.5 times your annual income. That means if you make £20,000, you can only borrow up to £90,000. The same limit applies if you’re borrowing with someone else and combining …

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