J P Financial Mortgage Brokers - Mortgage Advice

Five times salary mortgage are available for first time buyers, home movers and remortgages, If you are looking at borrowing 5 times your income to get a new mortgage there are lenders available.

Most lenders these days will offer around 3 and 1/2 times your income for a new mortgage. However there are some lenders who will lend up to five times your income depending on credit score and deposit/Equity.

These days lenders have more sophisticated ways of calculating how much they will lend; it is nearly always taken on a case by case situation. Affordability is the keyword and many factors are now taken into account when lending such as:

Single or joint application

Do you have any children

How much credit has already been extended to you.

Your credit score

Employment status

Are you a professional (doctor, accountant, solicitor)

If you would like more information or to see if you qualify for a high income multiple mortgage call 01202 512340 lines open 9am -7pm Monday to Saturday, or complete the contact us form to arrange for a mortgage adviser to call.

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