How much can I borrow ?

How much can I borrow is generally the first question asked followed by how much will it cost.

The amount you can borrow on a mortgage will depend on a number of factors which include, the level of your income, whether you want to buy the property on your own or with someone else, the value of the property and how much if any deposit you have.

The exact amount will depend on your individual circumstances. The amount you can borrow will vary between lenders but the rule of thumb is four times your annual earnings.

In some circumstances and when calculated on an affordability basis, five times + your income can be achieved, as some lenders now use more sophisticated credit rating methods, where they examine your income and your outgoings and lend according to affordability.

The quickest way to find out how much you can borrow is to call 0800 801079 and talk to one of our independent mortgage advisers, as we have long standing relationships with the mortgage lenders and know exactly what you can stretch to.

Note that how much you can borrow is not necessarily what you can afford.