How Much Can I Borrow ? … Gay Mortgage Advice

Our sponsors … Compass are the UK’s leading experts at finding Mortgages for Lesbian, Gay, Bi-Sexual and Transgender and HIV communities.

We  offer services that are specifically designed for LGBT and HIV Positive people that avoid the personal questions that are sometimes associated alongside taking Mortgages and Insurances. Our experience of looking after LGBT and HIV Positive people dates back some 15 years in regards to offering Mortgage Advice.

The most popular question that people ask us when taking out a new Mortgage is simply

… How Much Can I Borrow?

There have been so many changes to the way that Mortgages are agreed recently it has created a lot of confusion. It was not so long ago that people could “self-certify” their income and a Mortgage lender would take their word for the amount that they earned in income, without seeing any hard evidence.

This has now completely changed so here’s some advice for people who are now looking to take out a Mortgage.

1) You will now be required to prove your income before a lender agrees a Mortgage. It is advisable to have your last three months payslips handy if you are an employee and your last two year’s accounts / tax returns to hand if you are self -employed before speaking to a Mortgage Adviser.

2) Lenders also require you to have a cash deposit to place against the property as security. Most lenders will require at least 5% of the purchase price, but some require up to 10% , or even 15% of the purchase price before agreeing a Mortgage. Mortgage lenders offer better interest rates for those placing bigger deposits as security.

3) Mortgage lenders have completely changed the way that they calculate the amount that they will lend to you. In the past they offered set multipliers of your income. Now, they look very closely at your past credit record and contractual outgoings  like existing loans and credit cards before making their final calculations.

4) Lenders will even look at your regular bills like gas, electricity, water, phone bill before calculating the amount of Mortgage they will offer you. This new detailed process has created a lot of confusion and sometimes frustration for people trying to take out a new Mortgage.

Unusual Risks are constantly in discussions with Mortgage lenders about their changing criteria and are experts at maximising the amounts that clients can borrow from lenders. We offer completely “Independent” Mortgage Advice in return for “Set Fees”, which means you don’t have all of the worry about finding the right lender for your needs.

If you are having trouble finding the right Mortgage then why not give us a call?

If you require more information on Gay Mortgages, Gay Life Assurance, Gay Life Insurance, Gay Mortgages & HIV Mortgages, HIV Life Assurance, HIV  Life Insurance  you can contact our sponsors Compass Mortgage & Insurance Services on 0845 474 3075, or email at or on the web at

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  • About Us

    Pink Finance was first launched in the year 2000, as the UK’s first gay finance magazine. Over the years we have covered many discrimination issues affecting gay, lesbian, bi sexual and transsexual people.

    Our articles cover issues such as Gay Life Assurance, Gay Life Insurance, Gay Mortgages, Gay Income Protection, Gay Critical Illness Cover, HIV Life Assurance, HIV Life Insurance and HIV Mortgages.

    We also include feature articles on planning Life Assurance and Mortgages for LGBT and Alternative Families, along with articles with subjects such as Pensions and Investments for LGBT people.

    Our editor, Chris Morgan was part of the consultation group that led to the introduction of HIV Life Assurance and HIV Life Insurance for people living with HIV.

    He was a consultant to the Association of British Insurers for over five years and served on their HIV Insurance Working Group.

    Chris has recently rejoined the ABI working group, assisting them with their latest Best Practice guidelines and agreeing to write a new HIV and Insurance consumer guide.

    Our sponsors Compass have a long history of supporting worthy causes within the gay and HIV communities. Currently they are supporting NAM AIDSMAP who work to change lives by sharing information about HIV and AIDS.

    They believe that, wherever you are in the world, having independent, clear and accurate information is vital in the fight against HIV and AIDS.

    Compass Mortgage & Insurance Services is Authorised and Regulated by the Financial Conduct Authority.