Historically the amount mortgage lenders offered to lend was based on a multiple of your salary.
Recently, however, it has become more common for lenders to make an affordability assessment when calculating how much they will lend you.
For their calculations they will consider your total income and then take into account any money you owe on loans and credit cards plus household bills and living expenses.
From that they will make you an offer, based on what they believe you can afford.
To get an idea of how much you will be able to borrow, call us today on 01428 729 849
