How Much Can I Borrow?

When purchasing through an affordable home ownership scheme, you may be required to complete both:

• An affordability assessment with a housing provider
• And a mortgage affordability assessment with a lender

Mortgage lenders will consider a range of factors when assessing how much they may be willing to lend.

This may include:

• your income
• regular expenditure
• existing financial commitments
• employment status
• and credit history

Lenders may also use internal credit scoring systems as part of their assessment process.

An Agreement in Principle (AIP) is an indication from a lender of how much they may be willing to lend, based on the information provided. This is subject to full underwriting and supporting documentation.

As part of the AIP process, a lender may carry out a credit search which will be recorded on your credit file.

Following an assessment of your individual circumstances, a mortgage adviser can provide guidance on the mortgage application process and the information that may be required by a lender.

You can begin this process by completing an online assessment.