At Niche Advice we have access to an array of lenders that offer High Income Multiples mortgages. As a ‘whole of market’ Specialist Mortgage Broker we commonly use Mortgage Lenders that are not open to the general public. Our personal service will ensure your mortgage is looked after every step of the way until a successful conclusion. We are so confident in our ability that we do NOT charge for our mortgage service until it is fully agreed and the funds are released.
High Income Multiples Mortgage Lender Criteria
No upfront Broker fees by us. You only pay once the deal completes.
- Up to 6 times income (subject to minimum income levels) to 85% loan to value
- Up to 5.5 time income (no minimum income)
- 100% of overtime/bonus/commission used for affordability
- New jobs and offer letters considered
Example Product Rate and Fees- 6 times income multiple for mortgage
The total amount you must pay back, including the amount borrowed is £444,434.2
Product Features: Up to 5.5 times income if the Main applicant earns at least £35,000. Up to 6 times income if the Main applicant earns at least £60k per annum. Purchases only.
| Type and initial benefit period | Discount from SVR for 2 years |
| Minimum deposit / equity: | 15% |
| Valuation fee | £300 |
| Booking fee | £0 |
| Lender arrangement | £999 |
| Telegraphic transfer / CHAPS fee | £25 |
| Legal fee | £150 |
| Early repayment charge | 2/1% of the amount repaid in the discount period |
For more information on High Income Multiple Mortgage please call complete the enquiry form on this page or call the number below.
Any property used as security, which may include your home. may be repossessed if you do not keep up repayments on your mortgage
Important Information
Residential and Buy to Let Mortgages
Rates current as at 09/10/2018 . The overall cost for comparison is based on an open market value of £300,000 over a 25 year term. Right-to-Buy examples are based on a discounted purchase price of £200,000. Repayment for Residential and Interest only for Buy-to-let (unless otherwise specified). Eligibility will depend on your own personal circumstances.
KEY – ERC = Main early repayment charge.
The purpose of this web is for information only and is based on a fictitious illustrative scenario. It does not constitute a Mortgage Offer in any way.
It is essential that you seek independent mortgage advice as a suitable product will be based on your own individual circumstances. An interest rate should not be read in isolation, and you should refer to your personal key facts illustration and Mortgage Offers for full terms and conditions. If anything is unclear it should be discussed fully with both your mortgage and legal advisors before entering into a mortgage contract with the lender.
The information contained herein is based on research through the Trigold (IRESS UK) sourcing system. When first published to this site the data is normally 24 hours behind real time, and may or may not still be available.
A first charge over your property is required as security for the loan.
The formal mortgage offer of an advance will be subject to a valuation and other satisfactory references.
