Whether you're buying a property for the first time or thinking of relocating, the most important step to get you on your way is demonstrating that you can afford your future mortgage repayments. Enter the MyMAB app - our digital mortgage coach designed to help you manage your affordability.
Here are just some of the ways the app can support you:
Affordability tool
The affordability tool allows you to calculate how much you’re able to borrow ahead of buying a property. You’ll be able to input your budget, deposit goals, your current savings, where you want to live, and how soon you’d like to buy your house.
This will give you an idea of what you’re able to afford, and, in turn, an estimate of your monthly mortgage repayments. Using this information, the app can provide you with an accurate idea of where you are, how much you still need to save, and if you’re on track to buying your house within your timeframe.
Expert articles
The MyMAB app is packed full of expert advice articles to help your finances - and, therefore, your affordability - stay on track. Covering a broad range of topics, you can brush up your knowledge on buying a property, saving money, credit scores, moving home, to name a few.
Savings plan
Having sufficient savings can be hugely beneficial when lenders assess your affordability, and the MyMAB app allows you to create a tailored savings plan specific to your goals and circumstances.
You can input existing savings, plan out projected savings, and pinpoint when you’d like to buy a house. It also highlights how much you’ll need to save each month to meet your goal of saving for a deposit, and lets you know if you’re on track.
Ready to take the next step?
Download our app via the Google Play and Apple app stores, and don’t hesitate to get in touch with our team of advisers when you’re ready to kickstart your homebuying journey.
Important information
Your home may be repossessed if you do not keep up repayments on your mortgage.
There may be a fee for mortgage advice. The actual amount you pay will depend on your circumstances. The fee is up to 1% but a typical fee is 0.3% of the amount borrowed.
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Download the Mortgage Advice Bureau app
Our app is a digital mortgage coach designed to help you save up, plan, and track your home buying journey – whether you’re buying your first home, or just fancy a move.
We’ll guide you through step by step to ensure you always know what’s coming up next.
