Mortgages - Who will lend high salary multiple?

cannycat

Thanks for the tip on the Coventry, homer_j - I've had slightly conflicting advice from 2 different mortgage brokers (and sometimes information seems to take a bit of a long time to filter through down here in sunny Devon!). I've then had different advice AGAIN from the online calculators on the Northern Rock site! Bewildering as though I have a fair amount of debt (not masses but enough to make my choice of mortgage lenders pretty restricted) I haven't missed any payments and have a good credit score.

Jammasterjizz

Sarah HJ,

I believe that Standard Life, Bristol and West and Abbey will do Professional Mortgages, but they will only go up to 5x income. Out of those, I would recommend Standard Life as they are lovely to deal with, flexible in their approach and will go up to 100%.

If you want more than x5 income, you'll probably have to go off the High Street (although come to think of it, Alliance & Leicester's affordability calculator is quite generous and might get you 6x).

Off high street could get you around 7x, but you would have to approach an intermediary for that.

Happy Hunting

Jammasterjizz

Oh yeah- Alliance do a nice 6.14% 5 year fix (£599 fee).