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4x joint salary?
Worried
Posts: 270 Forumite
Is it possible to borrow around 4x joint salary? Partner and i both have no loans, credit cards, dependents etc. and we have a 10% deposit. Do you think we could find lenders willing to give us (slightly under) a 4 x multiple based on affordability? Which lenders use affordability calculators?
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Comments
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It will depend on your whole scenario as to which lenders will look at 4 x income.
However as long as you both have got good credit scores, you should be able to find several lenders to offer you those multiples.
HTHI 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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