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Anonymous
Anonymous asked in Business & FinancePersonal Finance · 11 months ago

How much would you need to earn per year to buy a 2.5 million Stirling home (3 million dollars)?

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  • 11 months ago
    Favorite Answer

    Rule of thumb on mortgages is 3 times your annual salary. So, lets say 20% down would mean $2mil sterling. So, somewhere in the range of 670k sterling would be enough salary.

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  • 11 months ago

    rough guess - over $500,000 USD. {idk England's income tax or property tax rates}

    Source(s): I called your banker - but missed him because of the time difference
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  • 11 months ago

    The stirling home is not for sale.

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  • Jay
    Lv 6
    11 months ago

    It depends on how many years you plan to save your money AND how much money you save every year.

    If your annual salary is 6 million and you can save half of it...you can buy the house in a year.

    If your annual salary is Ten Thousand and you can save half of it... it will take you 600 years

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