Toast : Goo goose

6 November 2016 By Burnt Off

Question 5 (a)

A wee goose – faced oily man buys a lovely big eight – bedroomed
Mansion
In London
For himself and his boyfriend
The house is valued at £7.6 million
He puts down a deposit of £2.6 million
{See Question5 (b)}
The remaining £5 million is taken out as a mortgage
If the maximum borrowed is 5 x salary
And we assume his annual salary to be £80,000
Decipher the formulae used to agree this mortgage
And for extra 5 points Conjugate his relationship with the mortgager