When looking at the property you want to buy, potential lenders will look at the type of home, its condition, access and location. They will also want to conduct an affordability check. This is where they investigate your finances (bills, income, debts etc). Many first time buyers are put off that lenders look at your history of managing credit and your bank statements but it is better that lenders focus on affordability and expenditure rather than the traditional approach of simply multiplying your annual personal (or rental) income by a pre-set multiple to get a maximum lending amount.