how much can I borrow?

How much the banks may be willing to lend you and how much you can really afford to borrow are often two very different things.

Lenders use different ways of calculating how much you can borrow and have a different appetite for some types of properties, like apartments. So how much you can borrow from one lender can be quite different from another.

Decisions are based on several key criteria including how much deposit you have; the type of the property you wish to buy (apartment, stand alone house, rental, build); your household income; your living expenses; existing debts and your credit history. Lenders crunch these altogether, applying their clever scoring systems and software and then make an assessment of your ability to service a mortgage – spitting out a “yes” or “no.” But we understand some things just don’t fit in a box.

Number 8-wire creativity and lateral thinking is often all it takes to get the job done.

Rather than provide you with loose and inaccurate¬†guidelines¬†as to how much you may be able to borrow (eg 3 times your income) our approach is to get to fully understand your situation and needs. As your trusted, impartial, expert adviser we’ll work through the options, assess your level of risk tolerance, and help you arrive at a solution you can comfortably afford.