In todays video Sam is discussing how to calculate your mortgage affordability.
When it comes to borrowing for a mortgage, understanding your affordability is crucial. Knowing your borrowing ceiling, or how much you can reasonably borrow, helps you make informed decisions and navigate the home-buying process effectively. In this blog post, we will break down the calculations involved and provide you with a practical example to illustrate the concept.
Links mentioned in the video:
First Time Buyer Brochure - [ Ссылка ]
Home Viewing Checklist - [ Ссылка ]
Document Checklist - [ Ссылка ]
00:00 Intro
00:34 Affordability
00:54 How Lenders Work Out Your Affordability, Incomings
02:07 Lender Calculation
02:30 How Lenders Work Out Your Affordability Your Outgoings
03:18 The Affordability Calculation Example
04:15 Credit Commitments and Example
04:52 Summary
05:48 Expert Help
06:16 Outro
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We want our authentically-human approach to take away the stress so that our clients can sail through the homeownership journey. Which basically means, our clients can secure homeownership without the dusty old advice.
We genuinely care about our clients, and at the end of the day, we want our clients to confidently say our approach is uncomplicated, stress free and easy to understand. Ultimately, our mission is to get you to reach the ultimate milestone of homeownership.
We support
First Time Buyers
Remortgagers
Those looking to build their buy to let profile
Wanting to put in place the right insurances for their home, family and themselves.
People who are simply wanting to moving home
And even those looking at Equity Release.
When you book an appointment, we'll take some basic details about yourself and ask for a few pieces of information that will allow us to get started straight away!
We'll team you up with one of our expert mortgage experts so we won't leave you high and dry
We’ll look after absolutely everything from nailing down your affordability, matching your perfect mortgage product, to working with third parties such as solicitors & estate agents to ensure your process is as smooth as possible
Our ethos is simple: we believe that homeownership should be easy and accessible for everyone. We’re on this journey together – and we’ll become a team in supporting you!
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