private wealth mortgages - how much to borrow

This depends on your personal circumstances, such as your income & financial commitments and many lenders now work on an affordability basis, and some offer varying amounts depending on your credit score.

As the criteria for each lender is different, it is best to speak with an adviser and they can recommend the best mortgage deal suitable to your personal circumstances.

To work out how much you can afford, write down what money you have coming in and take away what you spend each month. Ignore any rent or other payments that would stop when you own your own home, but add in anything new that you may have to pay. Please use our budget planner to help you to do this.

You will also need to budget for increased costs in the future. Don’t borrow the maximum you can afford now.

Don’t borrow more than you can afford to repay.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.