Borrow up to six times your yearly income.
Can You Get a Mortgage For 6 Times Your Salary? (with Adverse Credit?)
Harry and Jessica are first-time buyers who are tired of renting. With a strong combined income of £62k and £18k saved, they’ve found a 3-bed for £350k, the perfect first home they've purchased to start their future together.
However, a default registered just over two years ago means most lenders won’t support them, especially at 95% LTV.
The high street lenders would decline this case, keeping Jessica and Harry paying rent 125% higher than their landlord's mortgage, instead of getting on the property ladder.
Not from today, we have lenders that support first-time buyers like Harry and Jessica - even with historic blips. With up to 6x income and 95% LTV available, they can finally own their own home.
Most lenders either cap income multiples or reduce LTVs to 85-90%, especially for first-time time-buyers.
Available for:
- First Time Buyers, 95% LTV at 6x Income
- Home Movers, 95% LTV at 6x Income
- Remortgage, 95% LTV at 6x Income
How does it work?
The lender uses debt-to-income, which means if you are on £20,000 a year, you can borrow up to £120,000. However, if you also have an unsecured loan, credit cards and other financial commitments, that is deducted from the maximum available lend.
But I don't have Adverse Credit?
Great! This is just one scenario from one lender. We have other lenders that allow six times the income, especially for first-time buyers, such as Nationwide's "Helping Hand" scheme.
Calculate how much you can borrow.
| Combined household income | 4x salary | 5x salary | 5.5x salary | 6x salary |
|---|---|---|---|---|
| £30,000 | £120,000 | £150,000 | £165,000 | £180,000 |
| £50,000 | £200,000 | £250,000 | £275,000 | £300,000 |
| £100,000 | £400,000 | £500,000 | £550,000 | £600,000 |
| £200,000 | £800,000 | £1,000,000 | £1,100,000 | £1,200,000 |
Get in touch
We are your online mortgage broker, offering you the convenience of applying for a mortgage online. However, we understand that sometimes you may prefer to speak with a human - phone, email or in person.
- Phone number
- 01133 205 902
- [email protected]
- Postal address
-
31 Bradford Chamber Business Park,
New Lane, Bradford, BD4 8BX
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We are authorised and regulated by the Financial Conduct Authority (No. 919921). The Financial Conduct Authority does not regulate most Buy to Let mortgages.
Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.
Our initial consultation is free. If you choose to proceed, we’ll explain any broker fees upfront before you commit.
Cyborg Finance Limited is registered in England and Wales (No. 12131863) at Bradford Chamber, New Lane, Bradford, BD4 8BX.