Mortgage FAQs
Find answers to common questions about mortgages, borrowing and affordability, plus explore our Mortgage Guides for deeper insights to support your property purchase or remortgage decisions.
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How much can I borrow for a mortgage?
How much you can borrow depends on your income, outgoings, credit profile and financial commitments. Most lenders typically offer between 4 to 5 times your income, but this can vary based on your circumstances. -
What deposit do I need for a mortgage?
Most residential mortgages require a deposit of at least 5–10% of the property value. A larger deposit can give you access to better mortgage rates and a wider range of lenders. -
What types of mortgage are available in the UK?
Common mortgage types include fixed-rate, tracker, variable-rate and interest-only mortgages. The right option depends on your financial goals, risk appetite and how long you plan to stay in the property. -
How do mortgage interest rates work?
Mortgage rates can be fixed for a set period or vary in line with the Bank of England base rate or lender’s standard variable rate. Your rate will impact your monthly repayments and overall borrowing costs. -
Should I use a mortgage broker?
A mortgage broker can access a wide range of lenders and products, including some not available directly. They can help you find a suitable deal, manage your application and improve your chances of approval.
