Woolwich mortgage affordability check – get up to 5.5 times your salary.
If you are looking for a mortgage, the Woolwich advises that it is prepared to loan up to 5 and a half times your annual income.
If you want to secure as large a mortgage as possible in order to purchase your dream home, then it pays to call 0800 048 8828 to speak to an adviser to see just how much you could borrow.
Once you know how much the Woolwich are prepared to lend your house hunt can begin.
The Woolwich standard income multiple guideline is as follows:
| Maximum standard income multiple | 5.5 | times salary | |
| LTV greater than 85% and income <= £50k | 4 | times salary | |
| LTV greater than 85% and income > £50k | 4.5 | times salary | |
| LTV 75-85% and income <=£25k | 4.5 | times salary | |
| Debt to Income Ratio >= 20%* | 4 | times salary |
Note that Debt to Income Ratio is calculated as existing monthly credit commitments/gross monthly salary.
For a low rate mortgage quote call Deal Direct and speak to an adviser, we can get you the most competitive mortgage for your deposit and income. We are independent and 'whole of market' so we search through every UK lenders range to find you a tailor made deal that is right for your circumstances.
Call 0800 048 8828 for a personalised quote.
