When you are thinking of buying a property, a good first place to start is by finding out the maximum amount you can borrow, and getting an idea of how much this will cost. We would recommend that you get this information before you start house hunting. Remember that you need to know how much the mortgage will cost per month rather than just the maximum you can borrow.
This simple calculator will give you a rough guide to the maximum mortgage that a lender will permit you to have. This is a greatly simplified system and could vary by as much as 25% higher or lower, but it provides a good starting point.
We would recommend that you make contact with our adviser who will spend around 5 minutes on the telephone with you to check your personal figures.
The figures in the calculator are intended as a rough guide only, and do not take into account many items of your expenditure that lenders will include in their lending calculations.
A MORTGAGE IS A LOAN SECURED AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR ANY OTHER DEBT SECURED ON IT.