Mortgage - High Income Multiple required

Dec 05, 2005 3 Replies

Hi



Could I please have a recommendation for a mortgage company who will lend approx. 5 times my current salary? I know what you're about to say about rates rising, etc., but the mortgage will only be for 40% of the value of the property, and I have a sizeable pay increase already agreed and guaranteed for February - but can't take that into account until then. And as belt-and-braces, I'll be going for a fixed deal to protect me from rises for the next 3 years.



Thanks



Martin


Must be loads. Try a large broker -

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Daytona

It depends upon your salary (the higher the salary, the higher the multiple) and past credit history, but if you're looking for 5 times income, possibly northern rock, allience and leicester (may come close), C&G (again, may come close, but your credit file has to be spot on) definately first national (but I doubt you'll want to be paying their rates).

Yes, I agree. But be aware that they are NOT independent.

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