Three factors determine the size of your mortgage

 

1.The deposit you pay on the house: a lender would usually expect you to put down at least 5% of the purchase price of the house, though some lenders will consider a 100% mortgage

2. Your salary: generally, you can have a mortgage equivalent to 3 times your salary. If you have a joint mortgage, you could apply for 2.5 times your combined salaries, or 3 times the main salary, plus the second salary.

3. The amount of any existing commitments you have: the amount of personal loans, hire purchase agreements may be deducted from the amount available for you to borrow.

We will charge a fee of £200.00  to cover our administration of your mortgage and we will also receive a procuration fee from the lender.

The FSA do not regulate some forms of mortgage