26 Lowther Street, Carlisle, CA3 8DA
Our Senior Mortgage Adviser Tom Graham has put together some top tips to help you understand the process behind a lender’s decision on what you can or can’t afford to borrow when buying a house or remortgaging your home.
Lots of clients ask the same questions:
They know how much they earn, some have saved up significant deposits, but many don’t know about the other factors lenders consider when making a decision on whether or not you can have the money you need to buy a house.
A lot of the issues with affordability are actually around the amount a client earns versus expenditure; rather than just earnings plus deposit.
Here are three ways to make yourself more attractive to a lender:
For a better understanding of how to maximise your borrowing potential speak to an adviser you trust and get a full financial review.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
Disclaimer: The information on this website is for use of residents of the United Kingdom only. No representations are made as to whether the information is applicable or available in any other country which may have access to it.
Registered Address: 26 Lowther Street, Carlisle, Cumbria, CA3 8DA
Company Number: 05718865
Stan Sherlock Associates Limited is an appointed representative of the Openwork Partnership, a trading style of Openwork Limited which is authorised and regulated by the financial conduct authority.
The value of investments and any income from them can fall as well as rise and you may not get back the original amount invested.
YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. Most buy to let mortgages are not regulated by the financial conduct authority.
Approved by The Openwork Partnership on 16/12/2024
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