How much you can borrow depends on a number of factors including:
You should find out how much you can borrow before offering on a property and dot can organise a mortgage agreement in principle for you so that the estate agent and seller know that your offer is a serious one. Having a mortgage agreement in principal will also speed up the mortgage application process as much of the work has already been done.
Your home may be repossessed if you do not keep up repayments on your mortgage.
dot financial services charge a fee of £249 payable when you apply for a mortgage
How much can I borrow?
- How much you earn
- How much you spend each month (download dot’s handy monthly budget planner for help working this out)
- How much you can afford to pay for your mortgage each month (use our mortgage calculator for an idea on how much your monthly repayments are likely to be)
- Your credit history
- How much deposit you have available