Mortgage - Income multiple

[IceBoy]

Hi All,

Just wondered if anyone knew, what the banks/building societies were lending at the moment.

I seem to remember it used to 3 times single income or 2.5 double. Is this still the case for residential mortgages??

Cheers
IceBoy

[dutchgray]

You can still get 5 times income but you need a reasonable deposit.

[m4tt]

Depends on a lot of factors:

Age
Commitments
Dependants
Area of country
etc etc

Phone a bank/building society/mortgage broker and run through your details they will be able to give a verbal agreement in principle quite easily. Or even some banks let you do it online, pretty sure HSBC and Natwest do.

[scotal]

IceBoy, YHM