How much can I borrow for a mortgage UK - getting the Maximum Mortgage
Channel: Niche
Date: 30/09/2020

How much can I borrow for a mortgage is a question often asked by prospective First Time Buyer and Next time buyer clients looking at Residental Mortgages in the UK. In this Video Expert Mortgage Broker, Payam Azadi looks at the different Mortgage Lending and Criteria Rules when clients ask how much can I borrow and how rules can differ for each applicant.

How much can I borrow for a mortgage in the UK
⏱️TIMESTAMPS⏱️ Just click on the Topic links below
0:00 Intro
2:30 General Mortgage Affordability Calculations Rules
4:15 Help to Buy Mortgage Affordability 
5:07 How children are Viewed for Mortgage Affordability 
5:16 Pension Contributions and how lender this outgoing 
7:04 How lenders treat ongoing commitments such as loans
7:53 How we build a client profile and think about the lender selection
9:07 Additional income such as overtime, commission and bonus is treated
13:20 Benefit Income and how much can I borrow 
14:05 Maintenance Income
14:59 Self employed Mortgage Affordability Calculations
18:57 How COVID has changed what lenders now ask for
22:02 Outro

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If you're asking yourself How much can I borrow and need help in regards to Mortgage affordability rules  you can contact Payam Azadi at Niche Advice
https://www.nicheadvice.co.uk/contact...
T:0207 9932044
www.nicheadvice.co.uk
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The content of this Video does NOT constitute giving advice it is purely designed for general information purposes only. The qualification for a mortgage will depend on your own individual circumstances and your case should be fully discussed with a Professional Mortgage Broker before you apply.

Niche Advice are Independent Whole of the Market Mortgage Brokers dealing with different types of clients buying properties and are here to help you buy property all across the UK.

Think carefully before securing other debts against your home. Some Buy to let and commercial mortgages are not regulated by the Financial Conduct Authority.  

Niche Advice Limited is a Credit Broker and does not lend money directly to clients.

Niche Advice Limited is authorised and regulated by the Financial Conduct Authority. FCA No: 750263. The Financial Conduct Authority does not regulate Commercial Buy to Lets.

#HowmuchcanIborrow #mortgagerules#MaximumMortgage