Back | How it Works

Securing an excellent mortgage offer with Revolution Finance Brokers couldn't be easier

1Get in Touch

Complete a quick form to give us an overview of your mortgage or financing requirements, and we'll provide recommendations about the best opportunities for you.

2Submit Your Application

Once you've chosen your preferred mortgage deal, we'll steer you through the paperwork with comprehensive application management from start to finish.

3Mortgage Completion

Revolution Finance Brokers will finalise the details and enable you to move forward without delay!

Get Started

Back | About

About

Back | Insurance

Business Protection Insurance

Life Insurance

Building Insurance

Home Insurance

Mortgage Repayment Protection

Family Income Benefit

Critical Illness Cover

Back | Calculators

Commercial Stamp Duty

How Much Can I Borrow?

Buy To Let

Bridging Loan

Residential & Commercial Bridging

Mortgage Repayment

Development Finance

Commercial Mortgage

Back | Choose your mortgage type

Choose your mortgage type

Can I Get a Mortgage at Seven Times My Salary?

Mortgage lenders tend to cap affordability at about four or five times your income - so what happens if you need to borrow seven times your annual earnings? Read on to find out!

Let’s Get Started Ask a question

Almas Uddin

Founder and Mortgage Advisor

2023-05-09

Can I Get a Mortgage at Seven Times My Salary?

Even if you are confident that you can afford the mortgage repayments on borrowing at seven times your salary, this sort of borrowing is unusual, and at a much higher salary multiple than you are likely to find.

Here, we'll look at what sort of lending options are available at this salary multiple, and how to increase your approval chances.

For bespoke advice about borrowing at seven times your salary, get in touch with business loan broker on 0330 304 3040, or email the team at [email protected].

Are There Mortgage Products Available a Seven Times Income?

Generally no, mortgages go up to six times your annual salary as a maximum. However, there are other home loans available that have the potential to offer more - we'll run through them here and how they compare.

Already Interested, Let’s Get Started!

Discover What Our Customers Have to Say!

Why Revolution Brokers?

Whole of market brokers

Mortgage that suits you

On time customer support

What Alternative Lending Products Can Offer 7 x My Income Instead of a Mortgage?

If you need a mortgage to the value of seven times your salary, a traditional mortgage isn't the best option since these reach up to six times annual income.

However, there are several options to consider:

Increasing your deposit - this doesn't just have to be in the form of cash. There may be other assets available to use as security or revenue streams to put towards your total income figures.
Secured loans are the most popular way to get a mortgage at this level. You can use other assets towards the borrowing and achieve as much as 10 x your annual earnings.
Joint mortgages are also a way to increase your mortgage offer. Say you earn £35,000 a year; you will not find a lender who can offer £245,000 on a mortgage. However, if you apply with a partner who earns, say, £32,000 a year, together you will qualify for a mortgage of up to around £268,000 on a 4 x income multiple.
Remortgaging is another option to raise capital, and you can use this capital as a larger deposit to enable you to lower the LTV and finance the balance via mortgage borrowing.
Equity release products such as lifetime mortgages are an alternative if you are borrowing later in life. This sort of product is available to applicants aged 55 and above, and you could release equity to use as a deposit towards a new investment.

What Other Eligibility Criteria Apply When Looking for a Significant Mortgage Value?

If any of the above options sound appealing, do get in touch. There are always other borrowing options, so evaluating your circumstances and working out the best choices for you is ideal.

As well as income, lenders will consider factors such as:

Your credit history - a clear credit history will make it easier to find lending of this value. Much depends on when any credit issues occurred, and how severe they were, and there are also specialist bad credit lenders who can help.
The property - a buy to let investment is a different proposition since a lender doesn't rely so much on your salary as on the anticipated rental income. Although you'll usually need a 15% to 25% deposit as a minimum, you could potentially borrow more if the income will cover the interest-only mortgage payments by a large enough margin.

Professional Help with Finding a Mortgage at Seven Times Income

Securing borrowing at seven times your annual salary is a challenge, but there are alternative funding options out there. By consulting an independent broker, you give yourself the best chance of success, by reviewing all the products on the market and analysing the ideal course of action based on your circumstances.

Give us a call on 0330 304 3040 for independent advice from a whole-of-market broker or send us a message to [email protected].

Almas Uddin

Founder and Mortgage Advisor

Explore Our Presence

Securing an excellent mortgage offer with Revolution Finance
Brokers couldn't be easier:

Revolution Mortgage Brokers:100% 100%

Independent & Whole-of-Market

As specialist mortgage brokers for a huge variety of applicants, the whole-of-market consultants at Revolution provide access to an exceptional range of lenders, products and mortgage deals. That means you get the advantage of professional negotiation and broker-exclusives through an established lending network to ensure we always find you the most competitive mortgage available.

About our whole market brokers

Refer, Relax

andget £50

If you refer a friend for a mortgage or anytype of finance you’ll both receive £25 each when their new application successfully completes.

Know more!

We are proud
members of the:

FCA disclaimer

The content included in our articles, blogs, web pages and news publications is based on information accurate at the time of writing. Note that policies and criteria can change regularly throughout the UK mortgage lending market, and it remains essential to contact the consultation team to receive up to date guidance. The information included on the Revolution Brokers site is not bespoke to any circumstances or individual application scenarios and therefore is not intended to be used as financial advice. The content we share is designed to be informative and helpful but cannot be relied upon to provide individual advice relevant to your mortgage requirements. All Revolution team members are fully qualified, trained and experienced to provide mortgage advice of an independent nature.

We collaborate with lenders and providers who are regulated, authorised and registered with the Financial Conduct Authority (FCA). Should you require specific mortgage borrowing types, some products such as buy to let mortgages may not be FCA regulated. The Revolution team can provide further information about regulated and unregulated lending as required. Please remember that a mortgage is a debt which is secured against your home or property. Your home can be at risk of repossession if you do not keep up with the repayments or encounter any other difficulties in managing your mortgage borrowing responsibly. This also applies to any remortgage or home loan secured against your property, including equity release products.

Ask the Expert

Mortgage Brokers

Revolution Mortgage Brokers understands that mortgages can be complex and confusing! Ask us any question you might have, and one of our skilled consultants will come back to you as quickly as possible.

Get Started Call 0330 304 3040 Mon - Fri: 9am - 6pm

Find out more about us

Can I Get a Mortgage at Seven Times My Salary?

Can I Get a Mortgage at Seven Times My Salary?

Are There Mortgage Products Available a Seven Times Income?

Whole of market brokers

Mortgage that suits you

On time customer support

What Alternative Lending Products Can Offer 7 x My Income Instead of a Mortgage?

What Other Eligibility Criteria Apply When Looking for a Significant Mortgage Value?

Professional Help with Finding a Mortgage at Seven Times Income

Further Reading

Finding a UK Mortgage at £300 Per Month

Mortgage based on Salary

What Salary Do I Need to Get a £100,000 Mortgage?

How Can I Get a £150,000 Mortgage Approval?

UK Mortgages at £900 Per Month

Can I Get a Mortgage After Being in Rent Arrears?

Mortgages on 4 - 4.5 x Salary

Mortgage Values Costing £1,000 a Month

Mortgage with an Overdraft

How Can I Get a £300,000 Mortgage Offer?

Mortgages at 6 x Income

Do Mortgage Income Calculators Work?

Guidance To Securing a £250,000 UK Mortgage

Can I Get a Mortgage at Seven Times My Salary?

How Does My Overdraft Affect a Mortgage Application?

What Are the Typical Mortgage Affordability Criteria I Need to Know?

What Mortgage Value Can I Get for £500 a Month?

What Income Do I Need to Prove to Get a UK Mortgage?

Mortgage Applications at £600 Per Month

UK Mortgage Options at £200,000

What Mortgages are Available at Three Times My Income?

How Do UK Mortgage Providers Use Income Multiples to Calculate Affordability?

Advice If You Have Been Rejected for a Mortgage Due to Affordability

How Do Mortgages Work for Applicants with Student Loans?

Joint Income Mortgage Affordability Calculations

Requirements for a £350,000 Mortgage

Mortgages Costing £2,000 Per Month

Mortgage on a Single Income

Mortgage on 5.5 x Salary

Finding a Solution When You Have Had a Mortgage Declined Post-Valuation

Help for Homebuyers Who Have Had a Mortgage Declined After Agreement in Principle

How to Deal With Having a Mortgage Declined on Affordability

Tips and Advice on Proceeding If You Get Declined for a Mortgage After Exchanging Contracts

What to Do if You Have Had a Mortgage Application Declined

Explore Our Presence

Explore Our Presence

Refer, Relax

FCA disclaimer

Ask the Expert Mortgage Brokers

Contact

Social

Ask the Expert

Mortgage Brokers