Next Steps
Next Steps On The Road To Arranging A Mortgage
Once you have decided on your choice of lender, mortgage
rate and product type, you will need to overcome the small
matter of applying for the mortgage. The first stage in
this process, is getting an agreement in principle, but
in order to be able to do this, you have to first decide
how much you can afford to borrow and establish how much
a lender is willing to advance.
Knowing how much to spend on a new home can actually be
quite complicated. To start with, you could ask ten different
lenders how much you can borrow and end up with ten different
answers. Add to that the whole range of costs involved in
buying, selling and moving and it can be quite tricky to
come up with anything other than a ballpark figure for your
property purchase.
To help establish how much you can borrow and how much
you can afford either go directly to the calculators section
in order to work out your budgets, or read through the sections
listed below:
Deciding how much to borrow
Deciding how much you can afford
