High income multiple mortgage

bhushanvaidya

Are there many lenders who would offer say x5 multiple of income on a 5yr fixed mortgage. I have appreoched a coulple of lenders who will only offer x3 !
Thanks, Bhushan

monkeyboy72

The Intelligent Finance offset mortgage is based on affordability rather than income multiples, they have recently remortgaged me to over x5 my sole income, well happy with them. ;D

herbiesjp

Hi there

As already posted, the only way of getting these loan amounts is by going to lenders that look at affordability rather than income multiples.

There are a few more now on the market. Whilst Intelligent Finance Offest is an option, there are other lenders that will offer normal tracker and fixed rates also.

The only warning I would put here, without knowing your circumstances, is be aware of over stretching yourself - make sure the monthly payments are affordable not only now, but also taking into account interest rate increases.

Hope this helps.

bhushanvaidya

Who are the other lenders that will offer normal tracker and fixed rates also?

dougk_2

Try any of the following:

If
Abbey
Standard Life Bank
Nationwide

All these do salary stretches or "affordability" mortgages.

Abbey are very helpful!