Ben Edwards Mortgage Adviser - AGA Mortgages

Ben Edwards Mortgage Adviser - AGA Mortgages Welcome. Contact number: 07464 971654
Email address: [email protected]
Website address

21/01/2025

Mortgage Criteria & Indicative Rates – January 2025

13/09/2024

Mortgage Criteria & Indicative Rates – September 2024

02/07/2024

An Agreement in Principle or an AIP is an initial decision provided by a mortgage lender.
It will indicate that you have had an initial decision accepted by a mortgage lender and that the amount on the certificate has been deemed affordable.

An AIP is not an mortgage acceptance or a mortgage offer. Neither is it a guarantee that a mortgage will be accepted.
However, it is something an Estate Agent will often ask to see either before allowing you to view or accept your purchase offer on a property.

You may hear of something called a Decision in Principle (DIP) or a Mortgage in Principle (MIP).
These are all referring to the same thing. The reason for the differing label is simply either Estate Agents or Mortgage Lenders using a different terminoloigy for what is and Agreement in Principle (AIP)

02/07/2024

Mortgage Criteria & Indicative Rates – July 2024

18/06/2024

Mortgage Criteria & Indicative Rates – June 2024

02/05/2024

Mortgage Criteria & Indicative Rates – May 2024

14/02/2024

Mortgage Criteria & Indicative Rates – February 2024

09/02/2024

When determining the amount you can borrow for a mortgage, lenders take several factors into account, with your ability to repay the loan being their primary concern. Typically, your income and the sustainability of this is a key factor in their assessment process. 💼

To establish the loan amount they are comfortable lending you, most lenders make use of complex affordability calculators. These take into account various different factors such as any fixed commitments, deductions on payslips, number of dependants, and your age. 📊👨‍👩‍👧‍👦

Normally, borrowers can anticipate offers ranging from a multiple of 4 to 5 times their gross annual salary. However, this can vary significantly given that each borrower will have their own specific circumstances. 🏡

Mortgage comparison websites showing “best buy tables” will not factor in your unique setup. To determine the exact amount you can borrow, it would be advisable to speak to an expert and let us help determine your options. 🤝🏠

16/01/2024

Mortgage Criteria & Indicative Rates – January 2024

Address

6 Vantorts Road
Sawbridgeworth
CM219NA

Opening Hours

Monday 9am - 6pm
Tuesday 9am - 6pm
Wednesday 9am - 6pm
Thursday 9am - 6pm
Friday 9am - 6pm
Saturday 9am - 1pm

Telephone

+447464971654

Website

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