How much can I borrow ?

This is the single biggest most asked question to any mortgage advisor, lets face it whats the point of looking at a £200k house if your budget will only stretch as far as the front door.
generally speaking the loan amount is dependant on circumstances of the individual, but for ease in answering this we will assume that all is well in the credit file, and your joint incomes are £45K per annum, this will allow you to look at property around the £180-£200K, as a rule of thumb a lender will allow the income per annum to be multiplied by 4, this can be increased slightly case on case, and circumstances can change it. There are also a growing number of lenders that will allow you to borrow based on affordability, this is obviously the best route, as it ways up all you finances and in most cases allows a slightly higher stretch than the income multiples, which in turn allows you to borrow a little bit more.