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Headline : New lender offers mortgages of six times income - is that a good idea?

Read more from the original article on here at www.dailymail.co.uk.





Tags : #new #lender #offers #mortgages #six #times #income #good #idea


No. of Paragraph 92

A new mortgage lender is offering home buyers and homeowners the chance to borrow up to six times their annual salary.

April Mortgages, which launched its first products in April this year, says it will now lend up to six times annual income to eligible first-time buyers, home movers and people remortgaging.

It applies to both individual and joint mortgage applications. This means that two people earning a combined £75,000 could hypothetically borrow up to £450,000.

Most lenders offer the majority of borrowers a maximum of 4.5 times their income.  

Read more from the original article on here at www.dailymail.co.uk.


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