Our current policy is to carry out a financial assessment based on your ability to keep making monthly repayments and the value of the property you are using as security. To help us make our assessment we will ask you for details of all your income and expenses.
We will use this information to work our how much you have left at the end of the month after your expenses. If the amount you have left at the end of the month is more than this and there is still some left over to cover unexpected expenses that arise from time to time, we will be happy that you won't be taking on a loan that you can't afford to pay back.
You can enter your monthly expenses into our handy calculator to see how much is left from your income at the end of each month. Remember to use your income after all taxes and national insurance is taken off. You should also think about what your mortgage may cost if the interest rate goes up.
If you would like to speak to a Mortgage Advisor about how much you can afford to borrow or tell you how much your mortgage may cost, please telephone 01325 366366.
Sometimes it's easier to discuss things face-to-face. All our branches have a mortage advisor ready and waiting to talk. If you’d like to discuss your options or you would like some advice, call in at your local branch.
Alternatively call our enquiries line between:
9am and 8pm Monday to Friday
9am to 2pm on Saturdays
Our Mortgage Advisors will be more than happy to help with any questions or queries
Or email us on: