HSBC maxes out at 4.75 times, but will lend this up to 90%.
Barclays goes the furthest of the banks, lending 5.5 times income on a repayment mortgage, but the borrower has to have a minimum income of £75,000 and put down a deposit of at least 15%.
Santander has also recently increased its maximum to 5.5 times income.
How many times my salary can I borrow for a mortgage 2019?
Most mortgage lenders use an income multiple of 4-4.5 times your salary, some offer a 5 times salary mortgage and a few will use 6 times salary, under the right circumstances.
Can I get 5 times salary mortgage?
A NUMBER of lenders offer customers the chance to borrow five times their salary to get on to the property ladder, which can be tempting for many first-time buyers. It comes as earlier this year, Clydesdale Bank launched a mortgage which allows customers to borrow up to 5.5 times their salary.
Which bank gives 5 times salary mortgage?
The new criteria introduced by Barclays mean that anyone earning more than £30,000 a year will now be able to borrow five times their annual income.
Can I borrow 6 times my salary?
At Capital Fortune we work with a number of lenders that can consider mortgages up to 6 times income, as long as the mortgage is deemed affordable. Some other customers inform us that they have been told mortgages to 6 x salary are only available to professionals or high earners (above £75,000).