Page 24 - September2023

EXPERT ADVICE
SCOTLAND’S PREMIER REMOVAL
How much can you borrow? AND STORAGE SERVICE

ESPC Mortgages’ Paul Demarco shares his top tips so you understand
how much you can borrow when it comes to your mortgage.

Whether you’re a first-time buyer or selling It’s imperative that nothing is missed – for
your home to move to a new property, it’s example, are you paying for contents insurance
important that you know how much you’ll be or your mobile phone under a monthly credit
able to borrow on your mortgage – here are my agreement? If so, this is classed as a loan and
top five tips to help you understand how much needs to be declared as such. Discrepancies
you may be able to secure. cause delays and inaccuracies, which you don’t
want when applying for a mortgage.
Always speak to a mortgage broker to
get an independent view of your finances, Think carefully about your budget. Make
circumstances and the current climate with sure you think seriously and realistically
lenders. about what you can afford to pay for your
mortgage each month – a lender may offer you
Check your credit file – websites like a mortgage amount, but you need to make sure
checkmyfile.com are useful for letting you this is affordable for you. If not, you will have to
know if your finances are in good order. If you reduce the amount you want to borrow, as the
see anything that could have a detrimental most important thing is that you can afford the
effect on your finances, and could affect you repayments.
being able to secure a mortgage, speak to your
broker for advice.
For anyone buying a home, even home
movers, always ask your mortgage broker THE ART OF BEING LOCAL, NATIONWIDE
to obtain an agreement in principle for you
from your chosen lender, as this will confirm With more than 100 years’ experience, we are one of the country’s leading
how much you can potentially borrow.
companies in household removals and storage. Whether you are moving locally, nationally,
internationally or even need to store your treasured possessions, our team of experts
Always give your mortgage broker the will ensure that you can sit back while we take care of everything.
correct details. They’ll need to know
details of your salary, debts, credit cards, loans
and student loans, as this will give an accurate
figure of what you might be able to borrow. For a free moving survey and advice contact:
JOHN DUNCAN REMOVALS - EDINBURGH
0131 654 1200
The initial consultation with an ESPC Mortgages adviser is free responsibility is accepted for any errors which, despite our ESPC@dbonner.co.uk
and without obligation. Thereafter, ESPC Mortgages charges for precautions, it may contain.
mortgage advice are usually £395 (£345 for first-time buyers). DOREE BONNER INTERNATIONAL - GLASGOW
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP The Financial Ombudsman Service is available to sort out individual
REPAYMENTS ON A MORTGAGE OR OTHER LOANS SECURED complaints that clients and financial services businesses aren’t 0141 339 6000
AGAINST IT. able to resolve themselves. To contact the Financial Ombudsman
Service, please visit www.financial-ombudsman.org.uk. ESPC@dbonner.co.uk
The information contained within this article is subject to the www.doreebonner.co.uk
UK regulatory regime and therefore restricted to consumers ESPC (UK) Ltd is an Appointed Representative of Lyncombe
based in the UK. It has been provided in good faith. Whilst every Consultants Ltd which is authorised and regulated by the Financial
care has been taken in the preparation of the information, no Conduct Authority. JOHN DUNCAN REMOVALS ARE PART OF THE DOREE BONNER INTERNATIONAL GROUP
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