Geoff Baker Mortgage Adviser

We offer products from the whole of market and have access to all UK mortgage lenders: high street banks, building societies and specialist lending companies and are experienced in dealing with all aspects of the mortgage market from, Home Purchase, Re-Mortgage, Buy-to-Let, Keyworkers, Commercial, Expats, and Foreign Nationals.

Buying your first property and choosing the right mortgage can be rather daunting, so contact us and we'll advise you on the mortgage options available to you. Income multiples do vary. As a rough guide, a typical multiple is four times your income. This figure could be higher or lower depending upon your individual circumstances and different lenders' criteria. Some lenders do not use income multiples at all and will lend based on affordability. Once you add to this the amount that you can afford to pay as a deposit, you have the amount you can pay for your first property.

It is also worth remembering the additional costs, on top of your deposit and mortgage that you will be expected to pay. For example, you will have to pay stamp duty, which is 1% of the purchase price for properties between £125,001 and £250,000, then 3% up to £500,000 and 4% on properties over £500,000, for properties up to £125,000 you do not have to pay stamp duty.