How much could I borrow?

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

  1. Making sure you can afford to repay a mortgage

    Before a lender will give you a mortgage, they’ll want to make sure you can afford pay it back, so they’ll do an initial affordability check. You can use our affordability quick calculator to give you an idea of how much you might be able to borrow.

    When to do it: before you start your property search.

  2. Finding out how much you could borrow

    When you’ve found a house you want to buy, you’ll need to get a Decision in Principle (DiP) on how much you could borrow from your mortgage provider before you can make an offer on it. Your provider will do a credit check and look at your current debts and your history of paying them back. This will leave an imprint on your credit report. The DiP appointment takes about half-an-hour, and at the end of it you’ll have an idea of how much you may be able to borrow, but it won’t be set in stone.

    When to do it: When you’ve found a house and you’re ready to make an offer.

If you're ready to obtain a Decision in Principle (DIP)

One of our Mortgage Team will take you through a Decision in Principle after which, depending on the outcome, a telephone appointment will be made for you with one of our Qualified Mortgage Advisers who will provide advice and a recommendation based on your individual circumstances.

Call Skipton Direct today on 0345 850 1755*

Mon-Thurs: 8am – 8pm
Friday: 8am – 5:30pm
Saturday: 9am – 12pm

For further details please see our mortgage interview process.

How to buy a house - our guide

Here’s our step-by-step guide to buying a house.

Find out more

Affordability calculator

Our affordability calculator will give you an idea of how much you might be able to borrow.

How much can you borrow

Skipton Mortgage Range

We can help you to find a mortgage from our range.

See our mortgage range
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
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