How is mortgage affordability assessed?

30th October 2019

Mortgage affordability checks

Mortgage affordability is assessed on the basic income you receive through your salary, which can be made up of a number of different things including car allowance, and any additional income you might receive through overtime or shift allowances.

Mortgage lenders will use lots of different elements to assess whether they think you will be able to keep up the repayments on your mortgage, as well as pay your other bills.

As a mortgage broker, we are able to use other benefits you may receive, such as tax credits or child benefit to support this. And, whilst all lenders have their own criteria, it’s our job to find the right lender with the best deal for your individual needs.

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