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J P Financial Mortgage Brokers advise on a wide range of mortgages, life insurance policies and secured loans. Click on the contact us link and enter your details for a free consultation today, or call 01202 512340 and speak to us now.
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.
