One is 3.5 times the highest income plus one time the lowest. If each of you earn 20,000, the loan would be 70,000 plus 20,000 - a total of 90,000. The second is 2.6 times the joint income. In our example that would total 104,000. But self-employed borrowers beware.
Some lenders insist on audited books going back up to three years.
4 Finding a property. Visit agents in the area you are moving to, give them precise details of what you want and your price range. Remember, house-selling is not tightly regulated, and agents act in vendors' best interests, not the buyers'. The internet can help buyers to shortlist properties, but is no substitute for a visit. 5 Making an offer.