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Mortgage raising capacity

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Blueshies90
Posted by
Junior Member

15 Jun 24 #523271 by Blueshies90

Topic started by Blueshies90

The directions asked for mortgage affordability in the form of a certificate. I have had a mortgage raising capacity report, the other has a decision in principle.
Which is correct, surely a capacity report takes into account experian report, looks at wage slips etc where as in principle just goes on whatever you say.
I'm not sure if I should have queried this earlier?

WYSPECIAL
Moderator

20 Jun 24 #523304 by WYSPECIAL

Reply from WYSPECIAL

Neither guarantee anything. Lender makes a decision when an application is made and every lender will have their own criteria. It’s just to give you a rough guide of what they may lend you.

Usually in divorce the issue is one party claiming they have no, or very little, mortgage raising capacity.

Do you have a concern with the figures obtained?

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