What you can afford is calculated on you and your partner's annual income, but lenders will also take into account second income, pension, bonuses, and commission i.e. any legitimate extra ongoing income.The financier will normally require self certified applicants to have a minimum deposit of 10-30%. Only a small number of financiers will lend up to 90% LTV (loan to value) on a self-certified mortgage. The fatter the deposit you are able to put down, the better terms you will get. | General Consumer Tip: Many e-mortgage financiers will offer or include buildings and contents insurance and/or Mortgage Payment Protection Insurance (MPPI). You may be able to get a better deal on insurance from someone, such as an independent e-mortgage broker, so don't be lazy; shop around for a bit.
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| General Consumer Tip: Educate yourself about the current state of the item market. Capitalism is about supply and demand. If the good or service is highly desirable, and scarce, expect to cough up more. Don’t waste your time (and other people’s) ringing round various companies trying to save a few quid. For example, in the building trade, a good builder may be booked up twelve to eighteen months into the future. A cowboy, on the other hand, will say he can start right away!
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