Understanding your starting position
Before applying for a mortgage, it can be useful to build a clear picture of your finances, deposit and intended property purchase.
Lenders assess applications according to their own affordability models and lending criteria, meaning the amount available and the way income is assessed can vary.
Income and affordability
Employment status and the structure of income can influence the way a lender approaches an application.
This can be particularly relevant for self-employed applicants, contractors, company directors or borrowers receiving multiple forms of income.
This article is for general information only and does not constitute personal financial advice. Mortgage availability and suitability depend on individual circumstances and lender criteria.
Some forms of buy-to-let, commercial and specialist property finance may not be regulated by the Financial Conduct Authority. The regulatory status of a transaction depends on the individual circumstances involved.
Your home or property may be repossessed if you do not keep up repayments on your mortgage or other loan secured upon it.