FixThatNow
Mortgage affordability-assessment service — Mortgage adviser
An affordability review can help clarify which information a mortgage decision requires and how borrowing fits wider commitments. Provide only broad context initially; verified income, expenditure and credit records belong in the adviser or lender's secure process.
Service scope
Professional assessment of a proposed mortgage budget using relevant income, commitments and borrower circumstances, with a clear distinction between planning estimates and a lender's decision. The canonical profile describes the service, not a working affordability engine.
What is normally included
- Scoping a professional affordability review
- Organising relevant financial categories
- Explaining assessment limitations
What is not included
- Universal income multiples
- Guaranteed maximum borrowing
- Automatic approval from calculator results
Typical tasks
- Define the borrowing scenario
- Identify income and commitment categories
- Review assumptions and missing information
- Explain planning versus lending assessment
- Agree an appropriate written or advisory output
What to include in your brief
- Country
- Applicant type
- Purchase or refinance
- General income pattern
- Assessment objective
Choosing the right professional
Ask whose criteria are being used and how uncertain income, existing commitments and future changes are treated. A planning result is not a lender offer, and a higher indicated borrowing amount does not by itself make a loan appropriate for the household.
Important considerations
- Incomplete expenditure data can overstate apparent capacity
- Lenders use their own assessment criteria
- Future changes may invalidate planning assumptions
Related services
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