Three or four incomes accepted on mortgage application
Trinity Financial has access to two mortgage lenders accepting up to four incomes on one mortgage application.
Most banks and building societies cap the maximum number of applicants at two, and they rarely take more than two incomes.
A relatively large building society and an international bank will take four separate salaries from four borrowers, providing all of the applicants plan to live in the property.
One of these lenders will accept bonus income, allowances, and second jobs when it calculates the maximum loan.
Aaron Strutt, product director at Trinity Financial, says: “If you are buying a property with three other people, your borrowing power increases significantly.
“If four applicants each earning £35,000 applied for a mortgage, they would potentially be able to borrow up to £630,000. This is on the condition they all have limited debts and credit commitments.”
Another building society will accept three incomes on a mortgage application and offers larger mortgage loans. Once again, all applicants must live in the property.
For help to secure a three or four times income mortgage, Call Trinity Financial on 020 7016 0790. You can also book a consultation, or complete our mortgage questionnaire.
The information contained within was correct at the time of publication but is subject to change.
Your mortgage is secured on your property. Your property may be repossessed if you do not keep up repayments on your mortgage
Get started today
Speak to one of our mortgage experts. Book an appointment to come and see us or request one of our experts to call you.
