How much can I borrow?

Many buyers now require a mortgage and when it comes to borrowing, the most asked question is how much can I borrow?

It’s just as important to work out the right balance of borrowing to secure the right home for you, but also not to borrow too much that your loan repayments become unaffordable. 

A broker or bank will ask about your earnings along with your monthly outgoing commitments. They can then assess your financial situation and estimate how much you can afford to borrow. The advisor can then vary the repayment period and interest rate to find the best option for you.

You may be a first-time buyer, moving home, or purchasing a second home, it’s important to make sure you get the most competitive deal you can within your circumstances.

There are a few mortgage options available, so it’s worth getting the best advice from a broker who has no ties to a specific bank or lender. 

With a ‘whole of market’ broker you will be able to see deals across all platforms – high street, online – and special exclusive offers and where to get the best deal at that time.

We partner with Asset Harbour and with over 30 years’ experience in finding the best and most suitable deals for their clients.

See more info on Asset Harbour here.