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Anyone in High street doing 4 x Salary please ??
Mustbeananswer??
Posts: 548 Forumite
Remortgaging next month....Need to raise a bit of capital :cool:
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Pretty much everyone - but that is the starting point - nature of income, financial liabilities, credit profile, purpose of capital raising (and more) come into play in chosing the most appropriate lender.Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0
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Thanks for that Senior Paper Monitor.....pretty sure I fit that criteria...thought they were all stuck at 3 or 3.5...0
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4.5x is generally the cap. But it comes down to affordability.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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The post office gave us the highest figure we could lend on a mortgage at 4.5 of our joint income. Even taking into account our existing loan and outgoings, the multiple stayed the same.
Santander will let us have 4 times our joint income after taking into account our loan, which is £290 month.
I found the likes of Yorkshire BS, Chelsea etc had the lower income multiples.0 -
YBS and chelsea are the same company.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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Just replied to your PM.
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Im just wondering which of the brokers on here will be the first to say there is no such thing as easy commission in our job...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 -
How many hundred brokers to you want to call you Martin!I am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, 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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