How much can I borrow?

In April 2014 the Financial Conduct Authority (FCA) introduced rules ensuring mortgage lenders carry out stringent affordability checks before approving mortgages. This means all your outgoings will be checked and how much you can borrow will depend on this. Most lenders will also take into account:

  • Main salary
  • Any income from a second job
  • Any extra income such as bonuses, tax credits and maintenance payments
  • Debts such as loans and credit cards