Basic affordability
In it's simplest terms, what you can borrow takes into account...
Loan to Value (LTV)
The value of the property you are buying/remortgaging versus how much deposit you have/the current mortgage balance.
Loan to Income (LTI)
How much you earn versus the loan amount requested.
If you're after a basic view of what you can borrow, check out our mortgage calculator below.
Detailed affordability
If you dig a little deeper, it can be a bit more complex than that and can be affected by things such as:
Credit history
Monthly expenditure (incl credit commitments)
Disposable income (how much money you have left at the end of each month after general commitments likes bills, shopping, etc)
The type of property and where it is
How much rent you'll get each month if it's a let
And so on
Every case is unique which is what makes Mojo so special.
We run your case through our automated assessment tool to identify the key factors which will affect what you can afford and are eligible to do.
If it's all good, you get your own personal Home Buying Expert and/or Mortgage Expert to give it the once over. We'll give you the confidence you need to proceed and a personalised mortgage recommendation that works just for you.
Then, when you're ready to apply for your mortgage, you get your own dedicated Application Manager to see it through from start to finish.
And we do all that for free.
Jump into our fact find to find out if you're eligible and see what your mortgage options are. Or if you've already done it and got your options, connect with your expert at a time and date which suits you.