March 29, 2011
What salary multiplier are UK banks using for housing loans at the moment?
Question by inquisitor: What salary multiplier are UK banks using for housing loans at the moment?
It used to be 2.5 then it lept to more than 6! Will house prices become more realistic now banks are having to return to acceptable terms
Best answer:
Answer by The Masked Landlord (UK)
Between 3 & 4 depending on lender http://www.money.co.uk/article/1005038-mortgages-how-much-can-i-borrow.htm
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