Need a lender that lends six times your income?

08 Jan 2020

Need a lender that lends six times your income?

Buying a new home can be difficult, especially as lenders only prefer to lend a multiple of 4.5 times your income.

As the average price of a property in the UK is around the 220k and the average household income being around 26k, the maximum you could borrow would be around 117k. This means owning your own home is near high impossible. Even if a lender was to review your status they would require an average deposit of around 44k (80% LTV), which still leaves you needing a mortgage of around 176k.

We are on the panels of most lenders and here at Revolution Finance Brokers we pride ourselves in giving the personal touch and promoting the lender which is right for your needs.

One of our lenders has recently given us preferential lending terms where they offer lending of up to 6 times your income at 2.94% (2 year fixed) which can prove decisive when making the choice of going for a mortgage or not!

As long as you have been in employment for a minimum of 3 months and earn a minimum of £12.5k, this specific lender will lend up to the age of 85 and even offers terms of up to 35 years. Interest only products are also on offer where they offer a maximum 60% LTV.


For those of you who have limited companies, all that is required is an accountants certificate. If you are a sole trader 2 years SA302’s & tax years overviews are all that are required to furnish lending.

Adverse Data? Let’s see!

For those having adverse data on their credit files this lender will also ignore any of the following data and still offer a great rate of 3.34%:

  • 1 missed mortgage payment
  • 1 unsecured credit account greater than £300 where the worst status is 3 or more regardless of whether the account has subsequently settled
  • 1 CCJ or default over £300 registered whether satisfied or not

4.44% can be achieved for those of you that have a little more adverse data, namely:

  • CCJ’s / defaults that are less than £300,
  • CCJ’s which are older than 36 months,
  • CCJ’s which are satisfied and over 2 years old

Unsatisfied CCJ’s / defaults over £2500 will be referred on a case by case approval process.

Decisions in principle can be achieved in 10 minutes.

Here we are independent brokers, our affiliation is with no one lender, our advice is based on your needs. Before we speak to any lenders will we fully understand your situation and based upon that we will secure the best possible products, at the best possible rates.

Contact us now to discuss your personal options, Revolution Finance Brokers specialise in commercial and residential finance in Essex, Kent, London and Hertfordshire.



Almas Uddin

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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.