Want to increase the amount the bank will lend you for a mortgage? Mortgage Lab CEO tells you how it can be done. "In our last video we asked the question, what is your mortgage number.  Essentially, what is the maximum you can borrow at the best bank for you in your current financial situation.  Today we’re going to look at what you can do when your mortgage number is not enough to get the house you want. Everyone who is paying rent can borrow something.  You’re already making regular payments to a landlord so some part of your income is going to living costs.  The problem is that banks test what you can afford at a much higher servicing rate - at the time of recording, around 7.3%.  And for most people, their current rent when put towards a mortgage of 7.3% doesn’t add up to much.  The rest of your purchase has to be made up from your savings or, in other words, is made up of what you don’t spend from your income in any given month. Based on that, here are 5 tips for increasing your mortgage number or 5 tips on how to get the bank to lend you more.  If you think we’ve missed anything, drop us a comment and tell us how you managed to increase your mortgage number." You can watch a video on the same subject here: https://youtu.be/IBeVP7cGlHg If you are unsure where to start or have any questions, don't hesitate to contact the team at mortgagelab.co.nz/contact-us, we're here to help. You can watch more of these articles by subscribing to our YouTube channel. You can follow us on Facebook, Instagram, Youtube and LinkedIn.