Generally speaking, if you have a healthy deposit (eg. 10% of the house price) and your income is consistent and well-evidenced, you should be able to borrow around 4 times your salary as a First time buyer and 3.5 times your salary for everyone else.
Some mortgage lenders will also take into account any variable pay you earn on top of your salary. For example overtime, bonuses and commission payments can boost your mortgage loan amount.
If you need to borrow more then it might also be possible to get up to 4.5 times your salary and variable pay with a Central Bank exception.
Just sign up here to get started: you can tell us all about your requirements, the specifics of your income and employment and, of course, the type of mortgage you're after.
At MortgageLine we have the experience of working with many types of borrowers over the years and are well placed to find the best mortgage deal for you..
Comments
0 comments
Please sign in to leave a comment.