As a general rule of thumb, you can borrow between 4.5 and five times your income but lenders generally tend to take away your overall expenditures from your income before they multiply it.​

This is when a lender takes the basic information you have provided to them accompanied with soft credit search on you and decides if your profile passes the first stage of the mortgage application. If results come back satisfactory, they provide you with a maximum amount of how much you can borrow “in principle” based on this basic information and pre-full application approval.​

Loan to value is displayed as a percentage and is worked out by taking the mortgage loan amount divided by the value of the property and multiplying this answer by 100.

LTV% = (Mortgage Loan / Property Value) * 100​

You can go direct to the lender/bank who will give you specific mortgage advice and rates specific to them or speak to a mortgage broker who can give you advice and rates from majority of mortgage lenders on the market. Your personal circumstance may not be ideal for one lender but acceptable from another. A broker/adviser will place you where you fit criteria.​

To calculate how much you are likely to be able to borrow, use a mortgage calculator. Whether its for a Buy To Let property or your main residential, use the calculator or speak to a broker/ advisor who will assess your income and expenditure and calculate your affordability.​

Yes you can but it can be more difficult and more expensive than getting a mortgage with good credit. Some lenders will allow a specific amount of defaults and missed payments within a set period. Some will also accept CCJs if they are below a threshold amount and were registered and settled within a set period.​

If you have no personal deposit you can always get a direct family member to gift you the money for the deposit or you can also make use of products like Springboard mortgage, wherein the lender will allow your parents to deposit a set amount of money with the bang for a set period of 5 years and the lender will lend you the same amount to put towards your mortgage. Within the 5 years, your parents money accrues interest and at the end of the 5 years the money will be returned to your parents plus interest gained. Lenders Terms and Conditions apply.​