How much could I borrow?
Borrowing depends on income, commitments, dependants, term, deposit and each lender’s affordability model. Income multiples can be a useful rough guide but are not a reliable mortgage decision.
A proper affordability check should also leave room for legal fees, surveys, moving costs and the reality of owning the property.
How much deposit do I need?
Some mortgages are available with smaller deposits, subject to criteria. A larger deposit can improve product choice and pricing, but it should be balanced against keeping enough money for fees, emergencies and work required after completion.
The buying process
The order can feel confusing the first time. Holly will explain what is needed at each stage and coordinate the mortgage side.
- Review budget and documents
- Obtain an agreement in principle
- Find a property and agree a price
- Submit the full mortgage application
- Valuation, legal work and mortgage offer
- Exchange contracts and complete
Gifted deposits and family help
A deposit can sometimes come from family, and there are also products designed around family support. The lender and solicitor will need the gift documented and may ask about the donor and source of funds.
Frequently asked questions
Does an agreement in principle guarantee a mortgage?+
No. It is an initial indication based on limited information. The full decision follows underwriting, documents, credit checks and the property valuation.
Can my family gift my deposit?+
Many lenders accept family gifts, subject to their definition of an acceptable donor and evidence that the money is a genuine non-repayable gift.
When should I speak to an adviser?+
Ideally before viewing seriously, so you understand the budget, likely documents and any issues that need resolving.