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4 Jul 2022

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Mortgage Income Multipliers

Mortgage Income Multipliers Explained

Income multiples use to be used by lenders as one calculation in determining how much they are prepared to lend on mortgage or remortgage. The most common multiples used was 4 times a single income or 4 times joint incomes, whichever gives the higher figure. More generous income multipliers were available from some mortgage lenders and these lenders would be more flexible if the loan to value is relatively low . In the example of Abbey your credit rating is used and may get you an income multiplier of 5 times your salary. The examples of income multipliers given below are a guide only.

Mortgage Borrowing Since 2014

Mortgage lenders still can use income multiplers to cap the amount you can borrow when using the new affordability model.

Below is an example of Barclays Income multipliers, correct as of 03.06.2016

For any lending up to £175K (or over 85% LTV) the mortgage amount should be capped at 4.49x the income.

For lending above £175k the mortgage amount should be capped at 5.0 times income.

A cap of 4.4x income applies to Help to Buy mortgages. Please note a cap of 4.0x applies for loans above 85% LTV where the income is less than £50K.

Family Springboard lending is capped at 4.0x the income when earnings are less than or equal to £50,000. For earnings above £50,000, the mortgage amount will be capped at 5.5x

Try Go Direct's mortgage budget planer to calculate how much you can afford for your new mortgage then once you have got an idea how much you can borrow using the income multiplier guide below use our mortgage calculators to see if the mortgage payments match you monthly mortgage budget.

It now is becoming increasingly difficult to know what a mortgage lender will lend without having your mortgage agreed in principle. For more information on income multipliers and how much you can borrow on a mortgage or remortgage please contact us for mortgage advice today. You can also find out more about your credit rating and credit score at personal credit report .

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We normally do not charge a fee for mortgage advice, however this is dependent on your circumstances. Our typical fee would be £500


Think carefully before securing other debts against your home, your home may be repossessed if you do not keep up repayments on your mortgage.

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We normally do not charge a fee for mortgage advice, however this is dependent on your circumstances. Our typical fee would be £500

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Mortgage Income Multipliers from godirect.co.uk - Income Multiples