How much can you afford to borrow?
Find the Right Mortgage for Your Budget – Expert Advice and Tools to Help You Make an Informed Decision.
When applying for a mortgage, understanding how much you can borrow and what lenders are willing to offer is essential. The amount you can borrow, along with your available deposit, will define your maximum purchase price.
We ensure the mortgage products we recommend are tailored to your financial situation. To help you assess your affordability, your mortgage adviser will guide you through completing a budget planner. This tool takes a detailed look at your income and expenses to ensure your numbers are realistic and accurate. It will clearly outline how much you can comfortably spend each month on your mortgage, while also highlighting any potential savings opportunities.
Your mortgage payment will likely take up a significant portion of your monthly income. It’s crucial that both you and your mortgage adviser are confident that the budget is realistic and manageable. We’ll also help you plan for potential future changes, such as increases in interest rates, so you can remain financially secure.
Use the mortgage calculator below to estimate your monthly repayments.
Ready to take the next step? Contact us today at 01392 927327, or fill out our Online Enquiry Form to get started.
