Mortgage Calculator

Started by Hardcore, July 28, 2013, 19:34:04 PM

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Hardcore

Hi all,

I do hope this is the correct place for this post. I have been searching and doing a lot of investigating about buying a property in Fuerteventura.
I believe that the mortgages are different than in the UK, in the UK it is a multiple of your gross salary, but I believe Fuerteventura it is based on your free income.
My question is, what do the banks take off from your income to work out your free income? And with the free income what do the banks multiply this figure with to give you an idea of how much your able to borrow?

Thanks