If you have applied for a mortgage the MMR regs.....

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What interest rate were you offered

And how much were you able to borrow in terms of multiples of you salary? I know its not done on multiples but affordability now but it seems hard to get any guidelines at all at the moment.

And And what was your experience of the process, was your application gone through in fine detail ? Does every application get the fine toothcomb over every bank statement etc?

We have a 65% deposit and no debts other than our mortgage but still worried about borrowing 3.3 x salary which wouldn't have been a problem before.

Any insight would be great!

I can't work it out on my salary as I'm partially self employed so I guess they saw me as a risk but if it helps I earned 16k altogether and was offered 50,320 over 38 years!. I have a fabulous credit file.

I was offered a rate of 3.49% with Halifax. I put a 20% deposit down.

I used a broker to do it all for me and amazingly they didn't ask for my bank statements.

My broker did some pilot scheme and my approval came back within a week.

We borrowed about 4.5 x joint salary with just over 20% deposit.

My brother, who does some work with mortgages, said not to worry unless over 5x salary (or previous history of money issues) mortgage appt was discussing to make sure I was aware of costs (for moving, childcare, insurance etc).

Thanks! My op was supposed to say SINCE the MMR regs.

Anyone else???

Try doing an online affordability checker such as on accord mortgages, that seemed to be one of the strictest.

I have done some online affordability checks but they don't seem to ask many questions and I'd heard that it was now a pretty exhaustive process so my worry is that we'll get an in principle agreement but end up being refused during the actual process.

I was offered 3.79% but we were adding to existing mortgage so tied to natwest. Probable not the best rate as they had us over a barrel.

Multiples of salary didnt come into it as only needing a smallish amount.

But had to provide 3 months of bank statements and using that outgoings, etc were discussed to make sure we could afford it. To be honest once they saw dh saves over 2k a month they weren't overly thorough.

Flipping hell I just tried the accord one and it's offered me £171k.

I live in scotland and have masses of equity on my house as it is,I know prices are much higher down south but flaming Nora I'm sure that's more than we have ever been offered before mmr regs.

It offered me 16,000!

Feel kinda thankful for Halifax...

We had our interview about 3 weeks ago, it's nothing like the media hype. They asked what savings we have but didn't ask for any proof or anything, they didn't look at bank statements etc. they just help you budget really and see what you can realistically afford.

We borrowed 90% and it was still all fine.

I just went back and checked I hadn't seen an extra zero there juney but no, £172,130.

Gob well and truly smacked here.