**APRs provided by our partner, Mojo Mortgages, for example purposes only. Calculation based on the assumption that the customer is on a low APR rate of 2.8% or a high APR rate of 3.9%, paid over 25 years based on the maximum borrowable amount.
The amount you can borrow depends on how much deposit you have, your credit history and your finances. Use our mortgage calculator to estimate how much you could borrow.
To give you an affordable mortgage, lenders need to know how much you earn from your job and other means, like bonuses or tax credits.
Lenders also need to know how much of your income you spend, so they can work out how much you could put towards mortgage repayments.
The more deposit you contribute, the wider the choice of mortgages you’ll have.
Your credit score gives lenders an indication of how you manage your finances and pay bills. A good score shows you’re reliable, meaning you might be able to borrow more money.
For example, if something happened to your income, lenders want to know how you’ll continue paying the mortgage. Or if interest rates went up, could you still afford to make the repayments?
It’s important to look at all your options to find the right mortgage for your circumstances.
When you apply for a full mortgage, it can affect your credit rating and leave a mark on your credit history that other lenders can see.
But you can use a search (like ours) that lets you compare a range of mortgages that you’re likely to be accepted for before you apply.
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME OR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
PLEASE NOTE: THE FCA DOES NOT REGULATE MOST BUY TO LET MORTGAGES