We understand it can be an overwhelming and time-consuming process trying to source a competitive mortgage that best suits your needs, whether you’re taking your first steps on the property ladder, moving to a new property or mortgage deal, or looking to invest with a Buy to Let.

Whilst it might initially seem straightforward considering a mortgage by comparing interest rates on online comparison sites, there are many other factors to consider before knowing whether your application would be successful and what is your borrowing potential. These include your employment status and history, the make up of your income, your specific circumstances, and other financial commitments and expenditure.

Interest rates and products also vary between lenders depending on the level of deposit (or the amount of equity if remortgaging), and they use rate banding to determine the Loan To Value (LTV) ratio (the size of the loan relative to the property’s total value), typically ranging from 60% to 95%. They also have different lending income multiples based on the level of deposit or equity you have, which typically range from 4.5x to 5.5x your provable income.