Portfolio Mortgage Service

As with any mortgage loan, how much you can borrow comes down to affordability. A lender will look at how much you earn versus your outgoings. Your credit history will also affect your borrowing power (more on that below) as well as the amount of deposit you can afford to put down.

Most lenders will offer between 3.5 and 6 times your total annual income. It just depends on how they calculate your net income and apply their affordability criteria. Your employment history, outstanding debts and your number of dependents are all factors they might also take into consideration. 

A good credit footprint will certainly make the application process easier, and possibly give you access to better rates and terms, but if you can satisfy the following application criteria you'll have access to mortgage offers:

1. 3 months of healthy bank statements – showing you’re not spending more than you’re earning (and no overdraft facility)

2. Up to date utility and mobile phone bills which have been paid on time

3. Any credit card loan statements paid on time

4. Disclosure of any personal loans, car finance etc with 3 months of statements - and proof that repayments have been made on time

If your financial circumstances are complex and unique, you might struggle to get the property finance you need. At the very least, you could be looking at higher interest rates, putting down a bigger deposit, or borrowing less money.

But a specialist mortgage broker will ensure you get the most out of your mortgage.

It could not only save you time and money but also secure the loan size you need by maximising the potential of your income, saving you cash on your deposit, and getting you past those awkward credit score difficulties and expat statuses.

We are award-winning independent mortgage brokers, who specialise in smoothing the complexity of the mortgage process at every turn.

As an independent brokerage, we work for you, not the lender. Our advisers focus on listening to your unique scenario and providing you with the best finance solution for you today, and for your future.

We can help you:

• Understand what kind of mortgage you're eligible for and how much you can borrow.

• Feel comfortable with how the process works and what the costs will be.

On your behalf, we will:

• Compare rates across the entire market (from private lenders to high street banks)

• Negotiate the best deal for your circumstances

• Guide you through the application process

• Help you arrange your valuation(s)

• Liaise with your solicitor to sort the paperwork

• Chase through your application your new home is secured.