5 x salary mortgage

Joey1998

Hello 
Does anyone know any lenders offering 5 x salary mortgage at the moment? (Or above)

Excellent credit history, no committed spending (FTB with no loans etc). Mid 40s salary through PAYE. 

Struggling to find info online just want to know if I'm barking up wrong tree thinking that multiple is achievable. Due to support from parents, LTV would be c.50 percent. 

Thanks

jamielutz1987

@Joey1998

Yes there are lenders out there that will potentially lend 5x income at 50% LTV.

If your income is all PAYE basic, no dependents, no debt, clean credit history then the likelihood of you being eligible for such a product is higher.

Imho there isn't anything to be gained by DIYing this, do get in touch with a broker who can look at the specifics of your whole picture to see your borrowing options.

Joey1998

Out of interest what Lenders are most likely? (I just want to full read their criteria myself ref the property). But will go through broker 

jamielutz1987

@Joey1998 Some of them are as below

TO NOTE - all of these have exclusions, specific criteria, sub-criteria etc attached to them so it's impossible to know if they apply to you or not.

Accord - 5x subject to affordability and other criteria

Barclays - 5x if your income is above 45k, again subject to affordability other criteria

Santander - 45-100k income up to 60% LTV, potentially 5x, subject to other criteria and affordability

Plenty of lenders out there who may potentially lend 5x your income.