FAQs
How much can I borrow for a mortgage?
How much you may be able to borrow will depend on your individual circumstances. Lenders typically consider factors such as your income, regular outgoings, existing financial commitments, credit history and the size of your deposit.
Different lenders also have different affordability criteria, so there isn’t one calculation that applies to everyone. We can look at your circumstances and help you understand how much you may be able to borrow before you start your property search.
How much deposit do I need?
The deposit you’ll need can depend on the property, mortgage type, lender and your individual circumstances. Generally, having a larger deposit can give you access to a wider range of mortgage options.
If you’re still saving, you don’t need to wait until you’re ready to buy before speaking to us. We can help you understand what you may need and give you a clearer idea of what to work towards.
Can I get a mortgage if I’m
self employed?
Yes, being self employed doesn’t automatically prevent you from getting a mortgage. Many lenders offer mortgages to self employed applicants, although the way they assess your income can vary.
Whether you’re a sole trader, limited company director, contractor or partner, we’ll take the time to understand how your income works and help you explore mortgage options suited to your circumstances.
What documents do I need for a mortgage application?
The documents required will depend on your circumstances and the lender, but you may be asked to provide proof of identity and address, bank statements, payslips and evidence of your deposit.
If you’re self employed, additional information such as accounts, tax calculations or other evidence of income may also be required.
Don’t worry if you’re unsure what you need. We’ll explain what documentation is required for your application and help you prepare for the process.
What is a mortgage agreement in principle?
A Mortgage Agreement in Principle, sometimes called an AIP or Decision in Principle, is an indication from a lender of how much they may be prepared to lend based on some initial information about you and your finances.
It isn’t a formal mortgage offer or a guarantee that your application will be accepted, but it can give you a useful idea of your potential budget when you begin looking for a property.
When should I be looking to remortgage?
It can be worth reviewing your mortgage several months before your existing deal is due to end. Starting early gives you time to understand your options rather than leaving the decision until the last minute.
You can also speak to us if your circumstances have changed, you’re considering home improvements, or you simply want to review whether your existing mortgage is still appropriate for you.
Can you help with buy to let mortgages?
Yes. We can help whether you’re considering your first rental property, expanding an existing portfolio or looking to remortgage a property you already own.
Buy to Let mortgages can work differently from residential mortgages, with lenders considering factors such as expected rental income, deposit and individual circumstances. We’ll talk you through the process and help you understand the options available to you.
The Financial Conduct Authority does not regulate most forms of Buy to Let mortgages.
When should I speak to a mortgage advisor?
You can speak to a mortgage advisor much earlier than you might think. You don’t need to have found a property or even be ready to make an offer.
Whether you’re starting to save for your first home, considering moving, approaching the end of your current mortgage deal or thinking about investing in property, an initial conversation can help you understand your position and what your next steps could be.
Your home may be repossessed if you do not keep up repayments on your mortgage.