Effective Way to Increase Your Borrowing Capital

I’m always happy to pass on great info, and this is great info! I’ve included a few snippets below lifted from the full article.

Shared equity

This may vary from lender to lender, some can give you the benefit of a larger mortgage in exchange for a negotiated share of profits. When you consider shared equity, you can borrow money more easily. With rising prices in the market, having a co-owner can help you buy rather than struggle to come up with a bigger deposit.

Financial records

The assessment of your application can be improved when you include proofs of bonuses that you receive and other income generated from your investments.

Healthy credit history

Having a good credit history can also increase your borrowing capacity. Paying your bills on time says a lot about you being a responsible borrower.

Do extensive lender research

Lenders operate in different ways when it comes to income. Some allow share capital as income while others do not. So, it is very important to do your research first and take a look around for a lender that can serve you best.

Do you need more detail on this subject? Head on over to the full article here for more ideas and perspective. Afterwards, why not drop me an email to share your thoughts at [email protected]; or call me on (07) 34659259.

Thanks,

Craig