Just wondering if anyone is familiar with the Henderson Poverty Line/Index??
I hadn't heard of it until speaking with a Private banker during the week and asking him if Banks still work out your DSR based on 30% of your wages.
I was advised that they do not, it is now based on HPI and he indicated that this was approx $2000 per month for a couple?
I found this to be very interesting, much better than 30%. Now makes my DSR look very healthy.
Does any one else know of this being used?
BUNDY
I hadn't heard of it until speaking with a Private banker during the week and asking him if Banks still work out your DSR based on 30% of your wages.
I was advised that they do not, it is now based on HPI and he indicated that this was approx $2000 per month for a couple?
I found this to be very interesting, much better than 30%. Now makes my DSR look very healthy.
Does any one else know of this being used?
BUNDY