Trinity provide mortgage affordability statistics to The Sunday Times

Some high street banks allow customers to borrow more than twice as much as other mortgage lenders, according to research for The Sunday Times by Trinity Financial. A couple with both partners earning £75,000 would be able to borrow £817,682 from Accord Mortgages, part of Yorkshire building society, compared with only £400,000 from HSBC, according to the lenders mortgage affordability calculators. Trinity Financial told The Sunday Times: “Some of the best-buy lenders are not as generous as the banks offering slightly higher rates. "The amount you can borrow often depends on the lender you approach and some are much more generous than others. Any debts and monthly bills will reduce the amount applicants can borrow. Childcare costs and children can drastically reduce the amount, too.” Platform, the specialist broker only lender owned by the Co-operative Bank, also has generous income stretches and can lend five times an applicant's income. A couple with a joint income of £150,000 could potentially borrow up to £750,000. If you would like help to get a mortgage, call Trinity on 020 7016 0790. August 25, 2013