Simmonds Mortgages

Mortgage Brokers covering Berkshire and beyond

Call: 01344 225 149 or 07979 690 056

How Much Can I Borrow

By |

How much you can borrow depends on:

  • Your income, outgoings and any expected changes to these.
  • Your credit history.
  • Whether you’re able or prepared to make changes to your lifestyle that may reduce your other outgoings.
  • How much deposit you can afford.


You will need to find out how much you can borrow before making an offer on a property. Some lenders will work out how much they’ll lend you before you find a property – this is called an agreement in principle. This will help you know the maximum offer you can make on a property and will also speed up the mortgage process.


Lenders usually base their calculations on your guaranteed earnings such as basic pay, but most will also consider some or all of any regular overtime or bonuses. They will always want to see proof of your income and supporting proofs like bank statements and Identification documents as well as proof of deposit. 

 

We can help you!

If you would like more information or help with your mortgage please call us on 01344 225 149 or 07979 690 056. Alternatively please send us an email at info@simmondsmortgage.co.uk

Your home may be repossessed if you do not keep up repayments on your mortgage

 

simmonds_mortgage_service_final_logo.png

 

Simmonds Mortgage Services is an appointed representative of Stonebridge Mortgage Solutions Ltd and can source the most appropriate cover from its panel of insurers with a free review of you overall protection and insurance needs. As with all insurance policies, conditions and exclusions will apply.

 

What our Customers Say...

Your home may be repossessed if you do not keep up repayments on your mortgage.

Simmonds Mortgage Services Ltd is an Appointed Representative of Stonebridge Mortgage Solutions Ltd, which is authorised and regulated by the Financial Conduct Authority.

Registered Office: Simmonds Mortgage Services Ltd, Lexham House, Forest Road, Binfield, Berkshire, RG42 4HP. Registered Company Number: 1152 8784 Registered in England & Wales.

There may be a fee for arranging a Mortgage and the precise amount will depend on your circumstances. This will typically be £399.00 paid once the mortgage offer has been confirmed.

There may be a fee for arranging an Equity Release or Lifetime Mortgage and the precise amount will depend on your circumstances. This will typically be £799.00 and is due on completion of the mortgage.

To view our Privacy Statement, please click here.

To view our Cookie Policy, please click here.

To view our Data Protection Policy, please click here.

© . All rights reserved.