If you’ve generated an Indicative Mortgage Capacity Assessment and think your borrowing figure is less than it should be, that’s because we base your report on affordable borrowing.
What’s affordable borrowing?
Affordable borrowing considers what you can actually afford to pay for a mortgage, taking into account ‘non-essential’ expenses that may be very essential to you. We use special tools to help you figure out your capacity.
Why we calculate what you can actually afford
Unlike mortgage lenders who ignore certain non-essential expenses, we look at a wider range of spending to give a more accurate idea. We use average spending data from the Office for National Statistics (ONS) to build a more realistic picture. This accuracy can help you reach a fair and sustainable financial settlement in your divorce.
What’s average spending data?
Average spending data estimates what most households spend on things like bills, travel, fun activities, phone and internet, household items, and clothes.
Still unsure?
Our team are always happy to talk to you about your mortgage capacity report. Get in touch with us today.