
When it comes to mortgage affordability, there's no universal model that fits every situation. Lenders consider various factors before deciding how much they are willing to lend you It's important to remember that online calculators may not always provide an accurate estimate of your borrowing capacity. Understanding these nuances can help you navigate the mortgage process more effectively.
​
​
10-15 minutes on the phone will give you a better idea of what you can borrow and what you can afford.
​

1
Your Situation
Lenders may lend more to first-time buyers, less to self-employed applicants, and vary their decision based on loan-to-value. All of this needs to be assessed before a final figure can be presented to you to make an informed decision.
2
Your Income
Most lenders will use an income-multiple model to reach their decision but the factor can vary depending on total individual or combined income. Lenders will also look at bonuses, overtime, commission and contractual allownaces.
3
Your Credit Score
Your credit score, level of background debt, and monthly debt repayments will play a big part in a lenders decision on borrowing capacity. Don't assume that an excellent score and strong income will work in your favour.