Mortgage - how can I work out how much someone will lend us?

[Blondeinlondon]

How can I work out how much someone will lend us on a mortgage?

Can anyone direct me to any useful internet sites for this?

Here you go - John Charcol .

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HN - Thanks

Orinoco - Just looking and thinking about a possible future move. No clue as to what we will be able to afford.

northern rock depends on credit score. low credit rating about 3.75 x joint income to high score about 5x. up to 125% of property value subject to some constraints.

moneyfacts.com or moneysupermarket.com

finefatmama is right about northern rock but it's 4.1X joint salary if you have high credit rating and 3.8x joint salary if you have medium rating - we just got a mortgage with them.

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speak to an IFA - they will tell you what you can afford and will get you best deals saves you trawling all the lenders as there is quite a few (several hundred actually)

Yes, deffo use an IFA - online calculators give you much less than you'd be able to get in reality.

Yeah we will use an ifa when it comes down to it
Just wanted to get a rough idea what we might be able to borrow and the likely repayments

blondeinlondon,

bump for you -