We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
max mortgage lender
mortirolo
Posts: 12 Forumite
Currently I have 35% deposit and HBSC (my only quote so far), HSBC have given me 4.75 x my salary. Does anyone know of a lender who will offer 5 x salary or more! I have a good deposit but I'm after another 50-70k in London. Who shall I try! Or is 4.75% the max for 1st time buyer.
0
Comments
-
There are several lenders who offer 5x gross annual income, less any credit commitments, dependents, childcare costs etc.
Speak to a broker if you need help establishing the most affordable amount you can borrow.I am a mortgage broker. You 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. Please do not send PMs asking for one-to-one-advice, or representation.0 -
Thanks for advice. I moved to the UK from mainland Europe 4 years ago. I do have 2 dependents, wife doesn't work at the moment looks after my very young children. HSBC didn't seem to mind that much maybe because of been a customer for 4 years I gather. I have no debts/loans also virtually no child cost care. Would this hinder my 5 plus requirement? .......will try a broker next week0
-
Try different lenders' online affordability calculators to get a feel for the different ways of calculating borrowing power.I am a mortgage broker. You 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. Please do not send PMs asking for one-to-one-advice, or representation.0
-
Will do thanks0
-
lloyds tsb do up to 5 x if you have good income and excellent credit...0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.8K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 454K Spending & Discounts
- 244.7K Work, Benefits & Business
- 600.2K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards