Are you Borrowing money direct from a Bank or using a Mortgage Broker?

The three 'C's of Credit 

When applying for a loan your lender will look at the following areas before approving a loan

  • CHARACTER - do you pay your bills on time?  Do you have a good credit rating?
  • CAPACITY - can you repay your debts?  Your lender will look at your income & expenditure including your regular committments.
  • COLLATERAL - what security do you have?  Does the Value of the property cover the lender's exposure?
Unless you meet the above criteria your application may be declined.