When looking for mortgage advice, the first place people may think to ask is their own bank, however the bank will typically only offer you a small range of products. Our experience shows us that you are always better off speaking to a professional mortgage adviser who can search thousands of different products from a range of different banks and building societies. Using a mortgage intermediary can help ensure that you get a good mortgage deal and they can also offer you help and advice throughout the whole buying process. One of the first steps is to find out what the bank can lend you. Each bank and building society has different levels of affordability and different rules when assessing you income and expenditure. The new MMR rules which came into effect in April 2014, have been widely publicised the media have caused banks to request far more information about your spending habits than they used to.
