How Much Can I Borrow
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All lenders are governed by strict guidelines, which were introduced in April 2014. This means that the amount you can borrow is no longer a simple calculation of multiplying the amount you earn to find out your maximum mortgage amount.
Lenders will look at your income and they will also closely look at your spending.
They will want to know about how much you're spending on utilities and debt repayments, for example. Generally, you will be asked about your spending for the previous three months so that the lender can accurately determine how much you are able to afford to pay off your mortgage every month.
The process of applying for a mortgage can be daunting but we will be here to advise and help you through it.
Being whole of market mortgage adivsers, we know that the difference between one lender and another can be huge as they view different types of income in different ways - some accept working tax credit and other government benefits as income, other lenders will not.
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The service you provided me was outstanding, without your help I do not think I would have been able to buy this house I went to many mortgage brokers who gave me false hope and wasted my time. Your service provided me with quick response up to date information and you was never too busy to answer my call. I would like to thank you for all your help without this service it would have been impossible for me to be were I am once again. Thank you and your team and I would highly recommend you to everyone.
Mr J Affleck Irvine Scotland