Whether you are employed or are self employed it is almost certain that as part of your mortgage application process you will have to pass an affordability check. Affordability checks have become slightly more sophisticated since the mortgage market review took place in April 2014.
Thorough mortgage brokers will often run a detailed affordability check prior to you gaining an agreement in principle certificate in order to ensure you can borrow enough to achieve your plans.
If you are concerned that your other borrowing i.e. credit cards, car finance etc, general household expenditure or deductions listed on your payslip could have a negative impact on what you wish to achieve, please give us a call and we can deal with these fears upfront to ensure your mortgage application process through to mortgage offer is as stress – free as possible.