The first step towards getting house mortgages UK is to find out exactly how much money you can borrow. This is worked out according to your income, usually 3 times your annual salary before Tax and National Insurance are taken away. | General Consumer Tip: While the option to stretch your income to receive a larger e-mortgage loan may be tempting it is certainly not advised. The reason for this is that you are required to pay back the e-mortgage you receive and if you stretch your income then actually coming up with the wonga to pay for it could be very difficult indeed. So, if you are applying for an e-mortgage report your income as closely as possible.
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| General Consumer Tip: Some people can't grasp the meaning of large sums of money. They take months to purchase a fridge, but flog out £217,000 on a whim. It's a buzz! Reason goes out the window. They may have been in a dead-end job before, and now they're going to realise their dream, be Jiminy! This is human nature. £10.70 is easier to grasp that £100,070. Now is the time to get out pen, paper and calculator and do some sums. What's the worst that could happen? Do you have a contingency plan? Do you have health insurance, some money put away for a rainy day, is the kids’ education sorted out for the future?
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