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5x income?????
david-45
Posts: 1 Newbie
is it possible to get 5 x income please?
0
Comments
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Some lenders agree loans on affordability and not on income multiples - so the answer is maybe.
The reason it is maybe is because they take into account your current financial situation - so if you have no existing financial commitments and a good credit rating then you may get this high.I am a Mortgage AdviserYou should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
Some lenders will lend 5x income to a specific list of professional occupations such as doctors, vets etc
what do you do?I am a director of 3 Counties Mortgage Services Ltd.
www.3cms.com
My views on this website are limited and are not to be taken as financial advice.0 -
Sorry - forgot about the graduate mortgage scenario. Again some lenders offer higher multiples to graduates of UK universities - has to be within a certain timescale though, that you graduated.I am a Mortgage AdviserYou should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0
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