Income multiplier
The way some lenders work out how much you may be able to borrow, usually by multiplying your gross annual salary. Normally we will consider lending up to 4.00 times income. However, if the loan exceeds 80% of the purchase price/value we will normally consider a maximum of 3.75 times income.
Income multiples are indicative only and all mortgage applications submitted will be subject to an affortability assessment.
