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income multiples?

In Money - Posted on Jul 02, 2015 19:56 - From: forums.moneysavingexpert.com

income multiples?

Hello everyone

Hoping someone can give me a bit of advice as I have tried a few online calculators but they amounts are coming out quite varied

If I have a salary of 30k then what is the max I would be able to borrow? Is it generally 4.5 X salary or does it differ from lender to lender?

or is this completely irrelevant as it is done on affordability now?

we are due to remortgage next year, amount outstanding will be about 128k and we are not looking to borrow any extra.prob i need to get my sis name off mortgage and add hubby on..but as his credit history is very poor I'm wondering if theres any chance I could do it just in my name??

I will have a pay rise next Jan, I am guessing my salary at the time of application will be just over 30k

any advice is appreciated!

Many thanks

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