Remortgage Help If you are Seeking A Remortgage Quote To Best Match Your Circumstance
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Remortgage Frequently Asked Questions
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How much you can borrow on a remortgage will be based on several factors, these are, your financial circumstance, your income, the lenders multiple. The lenders multiple is usually around 3 – 5 times the salary you earn and this will depends on the lender that you choose, If you are applying jointly with your partner the income multiple may be up to 4 times your income plus one times your partners income. Some lenders may offer 3.5 times the salary of both applicants.
Your salary is based on your annual basic wage including 100% of any bonuses that are guaranteed and a further 50% of expected over time. The lender will then deduct any other debt payments and any other costs from your salary before what ever multiple they offer is applied. Depending on your occupation you may be able to get a higher income multiple. However you must make sure that you can afford the mortgage repayments. The total amount you can borrow also depends on what type of mortgage you are looking for, whether it is a self certificated or a conventional income assessment method.To get an idea of the options and what you may have to pay back you could use our mortgage calculator or alternatively fill out our quick mortgage application form and one of our mortgage advisors will contact you shortly.
Remortgage Frequently Asked Questions
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No information on this website is intended to constitute advice. This site contains a summary of the information relating to the products. If you are interested in any of the information on the site, you should seek information from us. We cannot guarantee that information will be accurate, complete and current at all times. All information on our Website is subject to change without notice.





