FAQ - How much can I borrow and what rate will I get?

We understand it's only natural to look at the cheapest mortgage rates online (and don't get us wrong, it's good to have some level of expectation!) However, don't assume you can automatically qualify for what you see online.

Why? Because there are so many varying factors about your unique scenario:

-Your age

-Your income

-Your expenditure

-Your credit profile, not just your score

-If you have any financial dependents

-If you have any loans, car finance, credit cards, overdrafts as these are all treated as debt

-The type of property you are purchasing or living in

-Are you buying or remortgaging on a special scheme

-The Loan to Value (LTV) of the mortgage rates

When you see rates it may not tell you the LTV or the eligibility criteria, so you could risk being disappointed

So what should you do?

1.Speak to a broker to get independent , qualified advice

2.Get your credit report from this multi agency, don't rely on a single provider. You can check yours for free here just cancel in 30 days to avoid charge

3. Sort this out in good time, before you go on any viewings or 7-8 months before your remortgage deal ends