Largest multiple of earnings mortgage available?

The-Joker

What is the largest multiple of earnings available these days?

I think Barclays offers 5.5x earnings but Halifax offers 6.5x earnings

Are there any options of more than 6.5x if you have a large enough deposit?

What is the largest multiple of earnings mortgage available these days?

The-Joker

Halifax maxes out of the building societies at 6.75 times, but will lend this up to 90%. Barclays goes the furthest of the banks, lending 5.5 times income on a repayment mortgage, but you have put down a deposit of at least 15%. Santander has also recently increased its maximum to 5.5 times

Edi81

Halifax hasn’t been a building society for over 20 years.

Retired_Mortgage_Adviser

Halifax lends 6.75 times income?! Where did you see this?

The-Joker wrote: »

Halifax maxes out of the building societies at 6.75 times, but will lend this up to 90%. Barclays goes the furthest of the banks, lending 5.5 times income on a repayment mortgage, but you have put down a deposit of at least 15%. Santander has also recently increased its maximum to 5.5 times

csgohan4

OP please verify your statements, usually it's x4.5

[Deleted User]

I though Halifax recently increased to 5x?
There are some specialist lenders that go to 6x for certain occupations but hot heard of a mainstream going to 6.75%.

Is this a certain type of case it applies to?

LRmortgage

I’ve never got Halifax past 5 x income, not sure where you get 6.75x from.

ACG

I have seen 7x income (not on the high street though). But it is not just down to deposit, it is income, expenditure, whether you go for a 2/3 year deal or a 5 year fix and so on.

[Deleted User]

Also, income multiples can be a red herring. It is a theoretical maximum for the lender but plenty times I've had a lender at 4.5x lend more than the one at 4.75x. They just assess expenditure differently