The loan is ‘secured’ against the house or flat with monthly payments made to the lender from the purchaser at an agreed amount over a certain term.

A lender will use certain criteria when assessing a request for finance, employment status, credit worthiness, affordability to name but a few. This information will be used by the underwriter assessing the case. A decision will then be made as to how much the provider is prepared to lend.

Generally, mortgage providers will agree to lend up to 95% of the purchase price but some lenders will go over this figure.

‘The cheapest may not be the best’. Always ask about ‘hidden’ fees and costs. You will be informed of all cost implications prior to your decision to proceed.

YOUR HOME IS AT RISK IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR ANY OTHER LOAN SECURED ON IT

To apply for a Mortgage or to see how much you can borrow complete our Financial Summary. Our advisors will look at this immediately and will contact you within 24 hours. Alternatively speak to an advisor on line now by clicking the link below.