Continued massive house price inflation has pushed even the most modest accommodation beyond the reach of ordinary people reliant upon a three-times multiple mortgage.
Can anyone therefore recommend any banks or other institutions that will offer mortgages of 4, 5 times or more annual income?
Not exactly what you asked for, but northern rock's together mortgage is a combination of secured (up to 95%) and unsecured (another 30k I think). Whilst the secured multiple may not as high as you want, combine it with the unsecured (at the same rate as the secured) and you could be there. I have been accpeted for one, and should be moving soon :)
The Together mortgage has an income multiple of 3.8 x Salary. This includes both Secured and Unsecured lending. Not 3.8 x Salary for secured and then
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