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The affordability question
Beyond 'will you repay' (character, credit), a lender asks 'can you repay' — is there enough cash left, after wages, suppliers, tax and existing loan commitments, to meet the new repayment without strain? That headroom is affordability.
How it is tested
Lenders review bank statements and accounts, work out surplus cash flow, and often apply a coverage margin so repayments do not consume every spare pound. A comfortable margin, not a tight one, is what wins approval.
Check yours
Estimate your headroom with the affordability calculator, then apply online.
Frequently asked questions
Is affordability more important than credit score?
Often, yes. A strong score with no cash to repay fails; sound cash flow with a middling score can succeed. Affordability answers whether repayment is realistic.
How much headroom do lenders want?
Enough that repayments are comfortable, not marginal — typically leaving a clear buffer after all other outgoings, so a quiet month does not tip you into difficulty.
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