Natwest Mortgage Calculators

mrluke

Any one dealing with a current mortgage , if you could shed some light on this it would be much apreciated .

Before putting a offer in on a house we decided to look at how much we could borrow potentially .

On Natwest's website there is the generic calculator and the "Intention To Lend" calculator . The "Intention To Lend" calculator does a soft credit check and asks for a lot more detail such as address etc .

When using the "intention to lend" calculator it does give us what we require with our 5% deposit . When i ring Natwest or use the generic calulator the borrowing amount comes up around 7k short .

Is this normal ? will they accept the "Intention To Lend" figure when going full application ?

It seems Natwest phone and the generic calculator is looking at 4x our combines income and the " Intention to Lend" calculator would be around 4.2x.

Any help would be appreciated from some one whos been in the same boat ! .

TheMortgageAdviser

The mortgage lenders' affordability calculators are only intended to be a guide.....is their official line!

It could be something's simple as you've out in bonus, overtime or commission as part of your overall salary that's causing the difference as they only take a proportion of that into consideration.

If this isn't the case you need to speak with them and ask them to explain to you why there's such a big difference and get the to go through it step by step to compare.