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Mortgages 5 and 6 Times Salary

  • From 10% Deposit
  • Mortgage to 6 x Income
  • Income Stretch
  • Guarantors Considered
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  • First Time Buyers
  • Historic Credit Issues Considered
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Mortgages 5 and 6 Times Salary

At Rockhopper we are sometimes approached by clients who are looking to borrow up to five times their income and sometimes up to six times their income.

Clients in this situation often tell us that, although they can afford the mortgage, they may have been declined by their existing Bank or Lender simply because they have a cap on how much they will lend based on their income – often called an “income multiple”.

We are frequently told that most lenders will not lend more than 4.5 or 4.75 times income. Sometimes we are told that a lender has capped how much they will lend due to credit score. Clients that approach us are frustrated that this rule is preventing them from getting their dream home, remortgaging after divorce or obtaining a better mortgage rate.

At Rockhopper we work with a comprehensive panel of lenders. Some of the lenders we work with are able to consider income multiples up to 5 x salary and in certain situations up to 5.5 or 6 x salary subject to a full affordability assessment.

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This means that it may be possible for you to borrow more up to, and in certain situations, more than 5 times income as long as the mortgage is affordable.

Affordability depends on individual circumstances. Firstly, your income is assessed over the proposed mortgage term. Secondly your expenditure is checked, including expenses for children, council tax, loan and credit card payments and other general living expenditure. Each lender we work with has their own rules on how to assess affordability.

Our Mortgage Consultants are happy to give an initial assessment as to how much you may be able to borrow. To do this, we will normally take 5 to 10 minutes of your time and ask some questions over the telephone. By the end of the conversation we will be in a position to give you an indication as to how you may be able to borrow.

If you would like an initial assessment then do call us on 0203 621 5696, alternatively send us a web enquiry using the form on this page.

 

Best Deals -Purchase

Lender Initial Rate Type For Then APRC* ERC* Fee
SBS 1.13% Fixed Jul-2023 4.64 3.8 31-Jul-2023 £1482
CNW 1.13% Fixed Jun-2023 3.59 3.2 30-Jun-2023 £1481
HSB 1.14% Fixed May-2023 3.54 3.2 31-May-2023 £1480
HSB 1.14% Fixed May-2023 3.54 3.2 31-May-2023 £1480
BNW 1.14% Fixed 2 years 3.59 3.2 2 years £1479
CNW 1.18% Fixed Jun-2023 3.59 3.2 30-Jun-2023 £1481
WBB 1.19% Fixed Jun-2023 3.99 3.6 30-Jun-2023 £1481
BWO 1.22% Fixed May-2023 3.59 3.3 31-May-2023 £1480
TSB 1.24% Fixed Aug-2023 3.59 3.3 31-Aug-2023 £1483
CAN 1.24% Fixed Jul-2023 3.35 3 02-Jul-2023 £1482
*APRC = Annual Percentage Rate of Charge
*ERC = Early Repayment Charge
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

The mortgage products displayed above are as a result of the following search:
Reason for Mortgage: Purchase; Property Valuation: £200000; Mortgage Amount: £120000;Payment Method: Repayment; Mortgage Term: 25 years; Mortgage Product: All Offset: No Product Term Period From: 0 Months; Product Term Period To: 300 Months; .

The mortgage deals shown above are subject to individual status and a suitable security property. You may not be eligible for some or all of the deals shown given your status and/or the nature of the security property. For a more accurate indication as to mortgage deals you are eligible for, please contact us to discuss your specific situation and/or property.

Specialist Low Rate Mortgages

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Great service

Rockhopper found a mortgage to match our unusual circumstances when all other brokers failed.....
For service -  Resi/Purchase/Greenfield
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Actually listened to our requirements and provided a first class service.

First class service. Initially they actually listened to our specific requirements and the rest of t....
For service -  Resi/Purchase/Amelia Wood Way
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I recommend Rockhopper

By: Raymond G
Brilliant service, extremely helpful and reliable, they made the process simple and stress free for ....
For service -  ProductTX/Fullers Mead
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By: Darren Riley
Really good service, quick replies to quiries. Assisted all the way on my remortgage. Completion did....
For service -  Resi Remo / Beaufort Drive
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My advisor was very helpful and explained the available products, however unable to proceed due to t....
For service -  Expat/BTL/Remo/Heatherbank
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Excellent service.

By: Mark Kemp
The remortgage was very clearly explained by the team. I was very pleased with the communication aft....
For service -  Resi/Remo/Lambourn
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Amazing service and great advice.

By: Andy
The RockHopper team were amazing and went out of their way to ensure I had a great experience and th....
For service -  Resi/Remo/Lambourn
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Miracle workers!

By: Dawn Crawford
David at RockHopper was friendly, reassuring and knowledgeable with our very difficult case. Ultimat....
For service -  Residential Purchase
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Totally professional and deicated to suceed.

By: Robert Payne
The team that address my application done it with such professionalism even through a difficult oper....
For service -  Resi/Remo/Bekynton
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By: Kenneth & Yvonne Stoves
Good service apart from length of time from start to completion due to this virus and other anomalie....
For service -  Resi/Purchase/Calder Road
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By: Stephen Boyd
Great service above and beyond the call of duty. Special mention for Rob Killeen, who achieved the a....
For service -  Resi/Remo/Kingston Hill
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RockHopper was the ONLY company that was able to help us secure a mortgage due to just having moved ....
For service -  Resi/Purchase/Cartvale
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Excellent

Excellent service from David Rostron. Always very quick to respond to queries and ended up getting m....
For service -  BTL/Purchase/Grand Union
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Great Service providing mortgages different to standard

By: Ryan Finnigan
Great offering, over and above what is the norm and go to a wide variety of lenders. Able to take al....
For service -  Resi/Purchase/TheCoachHouse
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Good service and communications

Very good service and advice. Helpful throughout the process of obtaining a mortgage and getting a g....
For service -  Resi/Remo/Carpenter
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By: Helen Murray
On the ball all the way until I got the mortgage offer, highly recommend Rockhoppers, even throught....
For service -  Resi Purch / Ingram Road
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Brilliant Service

By: Joe and Lucy
We were delighted with the service provided by Rockhopper. David Rostron and his team were incredibl....
For service -  Resi/Purchase
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Absolutely fabulous

By: Kevin Howe
Rockhopper managed to arrange and obtain me the best mortgage on the market for my needs even at a t....
For service -  Purchase
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Would definitely recommend RockHopper!

By: Brian Hughes
On hand when needed and open and upfront about costs ec.....
For service -  Purchase
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David Rostron went above and beyond in helping me to secure the right mortgage offer. He has now he....
For service -  Further Advance
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Independent Customer Feedback
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RockHopper Mortgages is a trading style of RockHopper Origination Limited who is an appointed representative of HL Partnership Limited which is authorised and regulated by the Financial Conduct Authority.

RockHopper Origination Limited is a company registered in England and Wales with company number 10241688. Registered Office:Rockhopper, Blackwell House, Guildhall Yard, London, EC2V 5AE

The information contained within this website is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK.

CONTACT US

Tel: 0203 621 5696
Fax: 0203 621 5697
Email:info@rockhopper.uk.net

Address: Rockhopper, Blackwell House, Guildhall Yard, London, EC2V 5AE

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