Residential Mortgages

Most lenders offer 4-5 times your annual income, though some provide higher multiples. The exact amount depends on your income, expenses, credit score, and chosen deposit amount.

Fixed rates provide payment certainty but may be higher initially. Variable rates can be lower but payments fluctuate. We’ll explain options and recommend based on your circumstances.

Typically payslips, bank statements, ID, proof of deposit source, and employment confirmation. Self-employed applicants need accounts or tax returns covering recent years.

An agreement in principle gives you a conditional offer based on initial information, helping you understand borrowing capacity and strengthening property offers to sellers.

Rates depend on deposit size, credit score, loan-to-value ratio, employment status, and chosen mortgage term. Higher deposits and better credit typically secure lower rates.

Longer terms mean lower monthly payments but more interest overall. Shorter terms cost more monthly but save significantly on total interest paid over the loan period.

The lender arranges a valuation to confirm the property’s worth and condition. This protects their investment but isn’t a detailed survey – consider a separate survey for your protection.

Most lenders require a minimum deposit of 5–10% of the property’s value. However, putting down a larger deposit — such as 15% or 20% — can give you access to better interest rates and lower monthly payments. We’ll help you understand what’s achievable based on your budget and goals.

On average, a residential mortgage takes 2 to 6 weeks from application to offer, depending on the lender, your documentation, and the property type. Delays can occur during busy periods or if issues arise in the valuation or underwriting process. We’ll manage the process for you and keep you informed at every step.

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