Oxford Mortgage Broker

There is no single figure, because lenders cap borrowing against income and each applies its own multiple and affordability rules. Oxford has one of the widest gaps between local earnings and house prices of any city in the country, driven in part by green belt limits on how much can be built. Working out what you could borrow first is the quickest way to see where you stand.

Sometimes. A number of lenders stretch beyond the usual multiple for particular professions, including medical and academic roles, which is relevant in a city built around its universities and hospitals. Larger loans are assessed differently again. Which lenders will consider it depends on your profession, income type and deposit rather than the amount alone.

A decline from one lender says very little about the rest of the market, since affordability models vary a good deal between them. It comes up more often in Oxford than most places, simply because prices push applications closer to the limit, and it is frequently the point at which buyers start looking at Abingdon, Kidlington or Bicester instead. It is worth reviewing what was assessed and how, rather than applying again elsewhere and risking a second footprint on your credit file.

No. Our advice is fee-free whatever you are buying in Oxford, and we are paid by the lender on completion. Being based in Bath rather than Oxford makes no difference to the service, as everything runs by phone and video.