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A simple guide on how to calculate maximum loan based on lenders criteria. Latest Articles

By Neil Patterson, Partner of The Money Centre.

Most mortgage lenders use credit scoring to determine whether an applicant is “good for credit”. However, unlike personal mortgage lending, which is based upon an applicant’s ability to service mortgage payment and repay the loan from earned income, buy to let lending is often based upon the ability of a property to be rented to provide sufficient income to service the mortgage interest and associated expenses.

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