Published 3 March 2017 · Last reviewed 5 March 2017 · Older article — see current rates

Mortgage that allows the right borrowers 6 times their income

Avid followers of Niche Advice will know that we used to help customers borrow up to 6 times income multiple, and we are delighted to say the option has returned for the right borrowers.

Eligibility criteria for 6 times income multiple mortgage:

• Very good credit profile: no late or missed payments
• Maximum loan to value is 85% i.e. minimum 15% deposit
• Maximum loan £450,000
• At least one mortgage borrower on the application has to be earning £50,000 or more
• High monthly commitments will have an impact on affordability e.g pension contributions, existing loans together with childcare costs

The Underwriters decision will be based on a full application and is final. Its likely a greater level of documentation will be required to assess client affordability. Should this product not be suited to your needs we do have alternative lenders that also offer high income multiple mortgage options.

6 Times Income Multiple Product – Limited Access

To view an example of the 6 times income mortgage product including the interest rates and other costs, please click here.

This product is available via a restricted distribution, including Niche Advice Limited.