Address
119 Commercial RoadPoole
Dorset
BH14 0JD
Telephone Number
01202 716777Fax Number
01202 716788Email Address
info@bluepebblemoney.co.uk
Mortgage Tools
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Mortgage Borrowing Calculator
Find out how much you may be able to borrow with our Mortgage Borrowing Calculator.
This will provide you with an indication of the amount you may be able to borrow based on typical Mortgage Lending Criteria. We will also show you the maximum amount you may be able to borrow, although, it is important to remember that higher mortgage rates may be applied by the lenders. The actual amount you will be able to borrow is dependant on your personal circumstances and credit history.
Our specialist mortgage consultants may be able to arrange a Mortgage Promise for you. Please contact us for more details about Mortgage Promises, or to arrange an appointment with one of our mortgage consultants.e
Your home may be repossessed, if you do not keep up repayments on a mortgage or any other loan secured on it.
Mortgage Lending Criteria
Lender will determine the maximum loan amount based on your individual circumstances and credit scoring. Whilst, the specific lending criteria will vary between lenders, the core information required is consistent. Below is a list of typical information you may be asked to provide:
- Evidence of identification
- Evidence of address
- Evidence of income*
- Details of any outstanding credit and/or loans
- Most recent bank statements covering a three month period
Full Status
Most employed applicants can prove their income via their payslips and P60, issued at the end of each tax year. Lenders will usually request copies of these items and verify your employment status and income with your employer direct. Full status means that you are able to evidence your income (and have a good credit history).
Employed Self Certification
If you are employed and are able to evidence your income in the accepted way but have additional income, such as irregular overtime or bonus, contract or seasonal work, you may be able to apply for Self Certification. Self Certification means that you are able to declare your income without having to provide substantial evidence. Our Blue Pebble advisors act responsibly and will ensure that you can afford to repay your new mortgage.
Self-employed
If you are self-employed most lenders will contact your accountant to verify your income over the last three years income. If you are unable to provide evidence of three years income, you may wish to consider a self-certification mortgage.
Credit scoring
Lenders will assess your credit rating based on a how you manage your accounts and credit arrangements. This information is available via Credit Reference Agencies.
If your credit score is good, this indicates that you are able to repay the loan. If your credit rating does not meet the lender's criteria, they will be unlikely to grant a loan.
Our Blue Pebble Mortgage advisers can source the lenders that specialise in lending to individuals with adverse credit. Contact us for further details or refer to our Useful Links for additional information relating to Credit Reference Agencies.
Mortgage Promise
Whether you are a First time buyer, moving house, or looking to purchase an investment property, a Mortgage Promise can help you. A Mortgage Promise is an offer of lending for the purposes of a mortgage. The lender will offer a maximum lending amount based on your income and credit history.
All Mortgage Promises are subject to a valuation on the property and verification of the information you have provided. They can provide a good indication of the property price range you can afford, and demonstrate to estate agents or sellers that you are serious about buying.
To arrange a Mortgage Promise contact one of our experienced mortgage consultants.
Mortgage Payment Calculator
Our Mortgage Payment Calculator demonstrates how much you can expect your monthly mortgage payments to be. This is intended as a guide only and the actual rate payable will be dependant on the product you choose. Our Blue Pebble Mortgage consultants can source the whole mortgage market for the mortgage most suited to your needs. Please contact us for more detailed illustrations.
Important Notes:
- All figures quoted are based on a mortgage term of 25 years.
- Interest Only mortgage repayments remain unaffected by the mortgage term, as only the interest on the loan is repaid and not the capital.
Repayment mortgages will be affected by the length of the mortgage term required. If you require a quote based on term other than 25 years please click here.
