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A
B
C
D
E
F
G
H
I
J
K
L
M
N
O
P
Q
R
S
T
U
V
W
X
Y
Z
Letter A
Affordability
A calculation that the lenders apply to your income to
establish whether or not you can afford the new mortgage.
Things or expenses
that are taken into account are current outgoings such as loans credit cards
insurance food and council tax.
In addition to these a lender can also look at new
expenses such as the new mortgage and the associated costs with that such as
insurance etc.
They will weigh all this up to see if you can afford the new
debt.
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