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© Ambitions. May 2006

Mortgages & Financial Services

Lending limits

Residential Mortgages - How much can I borrow?

This calculator has been designed to show the likely maximum amount that you might be able to borrow subject to a high credit score pass and demonstrating affordability. This is at the discretion of underwriters and may be much less or slightly more than the figures indicated. We suggest you deduct the annual cost of on-going credit commitments from the gross income of the higher earner as this is the calculation used by many lenders. Enhanced borrowings may sometimes be allowed where you agree to take a long term fixed rate product. Please do not rely on this information, we welcome you to call us to discuss the affordability of a mortgage, so that you can receive qualified advice as to what’s possible for you. Lending is subject to adequate security over the property and the maximum loan may be restricted to a percentage of the valuation

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

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Attention Home buyers!
We can get you a decision in principle to indicate your borrowing limits before you go house hunting. You will be able to tell the seller you’ve got mortgage funds earmarked and it should improve your power to negotiate too!