How much can I borrow through the Ideal Home Improvement Mortgage?

With the Ideal Home Improvement Mortgage it is possible to borrow:

• Up to 95% of the purchase price of the property
• Up to 95% of the refurbishment costs
• Up to 95% of the end value of the property

Anyone who is over the age of 18 with a regular income and satisfactory credit history and can afford to meet the monthly payments should be eligible to apply for the Ideal Home Improvement Mortgage.

The standard income multiples used to calculate the amount you can borrow are:

• 3.5 x income for single income or for couples;
• 3.5 x income 1 plus income 2 or 2.75 x joint

However, in calculating the total amount you are able to borrow your other financial commitments such as loans and credit cards are taken into consideration in deciding the maximum you can borrow.