Mortgages in the UK?

Question

I am British but have lived outside of the UK for a number of years. We are just about due to move back to the UK and are looking to get a mortgage but it appears that some things have changed since I was last living in the UK. Do prospective home owners still only get to borrow 2½ times their salary or have they scrapped that and do they use another system?

And also, anyone have any good suggestions about reputable mortgages brokers/agencies to use?

Answer 1

A very good answer from Carina.  There is a very good award winning site for all things monetary here in the UK and that is The Motley Fool...they give unbiased advice about loans/mortgages/investments etc.  I know it says "Fool" but it really is a good site.  

Take a look here...

http://www.fool.co.uk/?source=eccggleff0...

Answer 2

right at the moment everything's a bit "up in the air" with the credit crunch that's going on ... a lot of mortgage lenders are being ultra cautious so just how much you'd be able to borrow isn't very clear ... you would need to shop around and ask ... all the usual building societies still do mortages like Halifax, Alliance + Leicester etc etc and there's comparison websites like Money Supermarket etc ... do a google search and start reading up their stuff before you arrive