8 12, 2021

Mortgage Affordability – A Definitive Guide

By |2021-12-08T18:57:29+00:00December 8th, 2021|Mortgages & Finance Articles|

The complete guide to mortgage affordability and how much you can borrow. In this guide you will learn: Why lenders assess affordability. How mortgage lenders assess affordability. Source of income used for affordability. What is the maximum you can borrow? Let's dive right in. If you don’t want to know the details and only want to know what you might be able to borrow then skip to the last section. Introduction to mortgage affordability. One of the metrics used to accept or decline a mortgage is mortgage affordability. By this we mean [...]

20 04, 2020

How to Master your Personal Finances & Budget

By |2020-11-29T14:01:39+00:00April 20th, 2020|Mortgages & Finance Articles|

Mastering your Personal Finances This is a comprehensive guide to mastering you finance through manging your household budget. In this new guide you’ll learn how master you houshold budget Let’s dive right in: The way we encourage our clients to think about their personal finances is to liken it to running a business. All successful businesses manage their budgets carefully, ensuring that income generated always exceeds expenditure. It’s essential to be successful as a business, and its essential to be successful in managing your finances. This can also help prepare for a mortgage, you will have have [...]

20 02, 2020

Part 2: Managing future financial risks

By |2020-11-29T14:06:33+00:00February 20th, 2020|Mortgages & Finance Articles|

Part 2: Managing future financial risks Imagine you have a job and a mortgage, and are living with your partner (who also works) and your children in your beautiful new home. Have you ever wondered what would happen if you couldn’t work, or worse you or your partner sadly passed away? Unless you are very wealthy and have lots of savings, the likelihood is that it would be a struggle. In your absence, it might be impossible for your partner to continue paying the mortgage on their own and they might be forced to sell the family [...]

10 11, 2019

How mortgages for the self employed are assessed by lenders

By |2021-02-10T22:55:43+00:00November 10th, 2019|Mortgages & Finance Articles|

How Mortgage Lenders Assess Self-Employed Income One of the most common questions we get asked is – if I’m self-employed, how will lenders assess my income and affordability? In this blog, we give an overview of the different ways that lenders assess the income of the self-employed for the purpose of mortgage lending.If you are self-employed than mortgage lenders will assess your income based on their criteria for self-employed applicants. This includes sole traders, contractors, and company directors of a limited company or partnership. A special mention should also go to the Construction Industry Scheme ( CIS ) [...]

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