Please
fill in the following details to calculate the
Mortgage amount you might be able to borrow
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Mortgage
Lenders will opt for one of
the following income multiples.
Click
the calculate buttons to see
the result of each one
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| Variation
One : Three times the
greater income |
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| Variation
Two : Two and a half
times both annual incomes: |
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| Variation
Three : Three and a half
times the greater income plus
one year of the second income
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How
you might be able to borrow more than this
Here's
the secret: Some lenders use more sophisticated
credit rating methods, where they examine your income
and your outgoings. The idea is that every borrower
has unique circumstances. Someone with teenage
children and high outgoings can't afford to borrow as
much as a singleton earning the same salary.
Sometimes people are lent five times income.
To
find out exactly how much you can borrow the best thing
you can do is to checkout your situation with an independent
mortgage adviser.
We
can put you in contact with a recommended professional
here. It's
free, completely confidential and there's
no obligation at all. Simply enter your details with our
easy enquiry form below. It takes less than 2 minutes
to complete and could save you many
thousands.
Please
rest asssured that your information is only sent to one
adviser. We are registered under the Data
Protection Act and do not sell it or otherwise
use it. Read our privacy
policy
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