Most prospective buyers know how much they can borrow, but how much should you borrow? 

Banks will often be happy to lend buyers an eye-watering amount of money, right at the top of what they can afford, but that doesn't mean buyers will be happy once those repayments kick in. 

Not mention five years down the line, when interest rates aren't as low as they once were, and wages aren't increasing at the same rate. 

So how can people actually work out their own borrowing limit - one that allows for the odd night out or weekend away? 

LISTEN ABOVE

Most prospective buyers know how much they&nbsp;can borrow, but how much&nbsp;should you borrow?&nbsp;
Banks will often be happy to lend buyers an eye-watering amount of money, right at the top of what they can afford, but that doesn't mean buyers will be happy once those repayments kick in.&nbsp;
Not mention five years down the line, when interest rates aren't as low as they once were, and wages aren't increasing at the same rate.&nbsp;
So how can people actually work out their own borrowing limit - one that allows for the odd night out or weekend away?&nbsp;
LISTEN ABOVE

The Weekend Collective on Newstalk ZB is an intelligent and fun take on the life you live and what you love. From Barrister to singer to recording artist and concert producer, including performing the national anthem for the All Blacks, you name it, Tim Beveridge has done it. Joined by a range of special expert guests throughout the afternoon, The Weekend Collective will cover off the issues of the week, politics, parenting, finance, wellness and property.

The Weekend Collective on Newstalk ZB is an intelligent and fun take on the life you live and what you love. From Barrister to singer to recording artist and concert producer, including performing the national anthem for the All Blacks, you name it, Tim Beveridge has done it. Joined by a range of special expert guests throughout the afternoon, The Weekend Collective will cover off the issues of the week, politics, parenting, finance, wellness and property.

The Weekend Collective

Peter Norris: Don't borrow as much as the bank will give allow you to

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/dc84fd44-d2c5-4a3a-b55d-b3830160f6e7/transcript