Income Multiples

An Income Multiple is a method used by some lenders to calculate how much money they would lend a potential borrower. For example, they may lend up to 4 times a single borrowers annual salary or 3 times for joint borrowers. These Income Multiples will differ from lender to lender.

However, more lenders have started to lend based on an Affordability Calculation rather than using Income Multiples, this assesses peoples ability to repay the loan as opposed to using a 'one size fits all' approach.

Concept Mortgages Ltd is an appointed representative of Personal Touch Financial Services Limited which is authorised and regulated by the Financial Services Authority
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