The Telegraph - Mortgage lenders lure borrowers with loans up to six times salary
Home buyers can now borrow up to six times their salary to purchase a property, as the battle between UK mortgage lenders heats up.
Kensington for Intermediaries is offering six times salary to borrowers earning over £100,000 and Clydesdale Bank has launched a 5.5 times salary to selected Professional workers.
Aaron Strutt, of mortgage brokers Trinity Financial, told The Telegraph: “With house prices, particularly in the South East and London, being high, people need the more generous income multiples to get the properties they want.”
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