How much can I borrow?
The amount you can borrow varies considerably between lenders. This is also affected by your own credit history, the deposit you have, and, of course, how much you earn after taking into account any existing credit commitments.
However as a guide, you may be able to borrow in excess of 5 times your sole income, or in excess of 4 times combined incomes (joint borrowers).
It is highly recommended that you speak with a qualified adviser to establish the amount you can borrow, given your own circumstances. McHale Heaney Brokers can arrange (free of charge), a mortgage pre-approval to confirm the amount (subject to documentary evidence to support this, when an application is subsequently placed with a lender).
Absolute Financial Management Ltd is authorised and regulated by the Financial Services Authority. The Financial Services Authority does not regulate taxation and trust advice and some aspects of buy to let arrangements.
We are entered on the FSA Register No 401135 at www.fsa.gov.uk/register. Registered in England No.05027747.
Registered Address: 50 Havelock Road, Hastings, East Sussex, TN34 1BE
Your home may be repossessed if you do not keep up repayments on your mortgage.
There may be a fee for mortgage advice, the precise amount of the fee will depend upon your circumstances. Please contact us for an estimate.
The guidance and/or advice contained within the website is subject to the UK regulatory regime and is therefore primarily targeted at customers in the United Kingdom.
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