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John_C	posted on 20th Jul 05 at 17:09
	can get up to 5x if you have a guarantor. maybe be able to get more if you self certificate . up to 125k lenders don't ask to see wage slips so can bend the rules a bit. get a broker too.
Ojc	posted on 20th Jul 05 at 15:48
	RBS own the world, but you don't own us. We are owned by the Spannish :rolleyes:
Kerry	posted on 20th Jul 05 at 15:40
	One Account dont :P Both owned by RBS :o
Ojc	posted on 20th Jul 05 at 15:39
	Natwest do guarantor mortgages.
Kerry	posted on 20th Jul 05 at 14:53
	quote: Originally posted by 3CorsaMeal Can use parents as an guarantour (SP) and get lots more not all lenders do gaurantour (sp) mortgages and those that do the rate is generally higher due to high risk lend
ryansss	posted on 20th Jul 05 at 08:53
	Hmmm, shed from b&q me thinks. I looked at one of these schemes where you get a 60k mortgage and pay rent. I earn 24k, and couldnt afford to do it as they have stupidly high ground rent on top of everything.
3CorsaMeal	posted on 20th Jul 05 at 08:36
	buy penny sweets in bulk and sell them on to make profit
Ojc	posted on 20th Jul 05 at 08:31
	quote: Originally posted by nik I got x5 my salary although my salary can in effect reach my mortgage each year on a good year. I did put a large deposit down though. As people say there are no guidelines really, it's all worked out on a number of variables. Spot on Nik, don't bother using the 3x annual salary multiples its more of a case nowdays if you can afford it they will lend it.
3CorsaMeal	posted on 20th Jul 05 at 08:28
	Can use parents as an guarantour (SP) and get lots more
Skinz	posted on 20th Jul 05 at 08:21
	is that when the supply of drugs is plentiful that year nik :boggle:
nik	posted on 20th Jul 05 at 08:20
	I got x5 my salary although my salary can in effect reach my mortgage each year on a good year. I did put a large deposit down though. As people say there are no guidelines really, it's all worked out on a number of variables.
Kerry	posted on 19th Jul 05 at 20:42
	quote: Originally posted by bradfincham depends on income, deposit, fixed or variable!! income and deposit, yes the type of rate, no [Edited on 19-07-2005 by Kerry]
bradfincham	posted on 19th Jul 05 at 20:41
	depends on income, deposit, fixed or variable!!
Kerry	posted on 19th Jul 05 at 20:39
	it will on average be one of the following 3.75 x single 2.75 x joint 3.75 x main + 1 x other but like i said varys from lender to lender and within the actual lender
Skinz	posted on 19th Jul 05 at 20:35
	quote: Originally posted by vibrio mine was 2.894 :lol: what your multiplier? ed we are talking about combined wage with the GF here
vibrio	posted on 19th Jul 05 at 20:34
	mine was 2.894 :lol:
ed	posted on 19th Jul 05 at 20:33
	Average income, £22k x 4 = £88k. There is no way I could get a house round here for £88k, probably couldn't even get a car for that from the local garage :lol:
Kerry	posted on 19th Jul 05 at 20:31
	lenders look at each case individually it depends on lots of factors income multiples are just a guideline they will take into account the term, the level of borrowing, any other commitments
Skinz	posted on 19th Jul 05 at 20:25
	anyone know of a lender that does 4x ?? 3x is stupid for the average wages these days
corb	posted on 19th Jul 05 at 20:23
	various between mortgage lenders as i understand it.
Skinz	posted on 19th Jul 05 at 20:18
	What is the current multiplier of wages? i thought it was 4x your current wage? i know it used ot be 3x but im sure they upped it to 4x