5 times mortgage with Aldermore

Sj141

Hi,

I am a first time buyer trying to buy a property with my partner. 

My annual income is 57000 and my partner earns 26000. We have an offer accepted on a property for 455000 and we have a deposit of 15%.

We have already applied for Nationwide helping hand mortgage and it has been declined.

We have a good credit history with no defaults, missed payment or CCJs.

I am planning to apply for our mortgage with Aldermore as they provide with higher incomes time multiple.

Has anybody ever taken a 5 times mortgage with Aldermore or any other lenders?

Thanks

Tatters26

It may depend. Are they flat basic salaries? Me and my partner had some initial issue as my total P60 always shows £50k+ but my basic is just over half of that and the rest is commission, which most exclude or at least mark-down

Sj141

@Tatters26. Thank you for your reply. Yes, it is our basic salary.

ritz55

A couple years back got 6 times income with masthaven bank. 

[Deleted User]

based on the figures here you are only looking at 4.65x income. This should be achievable through many lenders.   If you need 5x then with those incomes you should have a fair few high street options before you have to go to Aldermore