Frequently Asked Questions

How much can I borrow?

How much you can borrow will depend on your income and whether or not you have any other financial commitments, i.e., loans, credit cards, maintenance payments. It will also depend on how much deposit you have to put down as an initial down-payment on your property.

Traditional methods of calculating loan amounts use income multiples to determine how much you could borrow. However, many lenders have switched to an affordability model which generally means it is now possible to obtain higher loan amounts for any given income.

Unfortunately, it is now more complicated to determine how much you can borrow as each lender uses slightly different criteria.

This is why you need to consult our experts early in the process to ensure you maximize your buying power. To find out exactly how much you can borrow, contact us today and we will advise you on your mortgage options.

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Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.

We offer all our clients a free initial consultation after which a non refundable commitment fee of £95 will be charged with a further £250 payable on completion based on individual client circumstances. We also offer a fee only option whereby we charge a 2% broker fee on the amount borrowed and any commission derived from the lender is rebated back to the client.

The overall cost for comparison is 7.9% APR

Riverside Mortgages Ltd is registered in England and Wales. Registration Number: 5978086