The Bank of England announced on 2nd August 2018 that the current Bank base rate will increase from 0.50% to 0.75%. What does this mean for you?
Just enter your details and we’ll be able to tell you whether we can lend to you and how much we would be able to lend.
Once you have obtained your Approval in Principle (AIP) you have 30 days to continue with a full mortgage application. You can do this immediately or save your AIP to complete later.
There is no charge for getting your lending decision. However you should know that there are fees which apply to a full mortgage application and you’ll be given a breakdown of these prior to submitting your application.
Our checks will not appear on your credit file at this stage of the application.
Your salary information, including any regular bonus or overtime payments. This also includes benefit payments you may receive like child maintenance.
Please note, we don’t include foreign income or assets when calculating how much we can lend you.
Payments you make against credit cards, overdrafts or loans (including student loans). Child care and child maintenance payments are included and details of any existing mortgage you may have.
You might find it useful to check how much your mortgage repayments could be and to look at how much you could potentially borrow. You don’t need to use the calculators before you obtain your lending decision but you might find it useful.
If you need further advice on the application process or you need additional support before proceeding with your application, please call us on our mortgage helpline number.