What matters more the ltv percentage or the salary multiple?

skaps

Hi i have been reading various threads on here and always thought the salary multiple was the main thing i had to worry about in terms of getting a mortgage but it seems like the ltv is important to. I will be remortgaging next year and want to know which will matter more so that i can do something about it sooner rather than later in order to get a decent fixed rate.

VIGILANT22

It's not quite as you phrase it..mortgages are based on affordability, not what you think is affordable but what the lender thinks

Each case is different...

1.if you earn 30k and single you will be able to borrow more than someone who earns the same but is married with two kids

The people unable to rmtg are those with 95+% and negative equity...

Gorgeous_George

If you don't meet the LTV requirement, you won't be able to remortgage.

I believe salary multiples are more flexible (and easier to fiddle).

If you can do something about it sooner rather than later, why not tackle both areas. An increased salary will help you save towards reducing the LTV.

Remember, you don't have to remortgage.

GG