Funds to complete and borrowing capacity

When we start looking at buying a house, we surely want to know our borrowing capacity.

Although, an equally important question to ask is – Do I have enough funds to complete this transaction? – That is funds to complete the purchase.

Buying a home does not only involves working out what you can borrow. You do need to consider if you have enough funds to make this purchase. It is also true the other way round. That is if you have decent savings but if you cannot borrow enough to make the purchase, that means you will have to then work on improving your borrowing capacity.

Funds to complete and your borrowing capacity goes hand in hand.

Get in touch with us and we will work out both for you and advise you correctly.