This is a guide to demonstrate how much you can borrow.
|
Gross Household Income Band |
All LTV's |
|---|---|
|
£10,000 - £14,999 |
3x |
|
£15,000 - £19,999 |
3x |
| £20,000 - £29,999 | 3.25x |
| £30,000 - £39,999 | 4x |
|
£40,000 plus |
4.5x |
Household income is the sum of the two highest paid applicants.
You could also try our Borrowing Calculator for an accurate idea of how much you can borrow.
You can add the following to your basic income.
|
Bonus/Overtime: |
100% of sustainable (the amount you reasonably expect to continue earning) overtime and bonus. (up to a maximum of 100% of basic income) |
|---|---|
|
Commission earnings: |
100% of sustainable (the amount you reasonably expect to continue earning) up to a maximum of 100% of basic income |
|
Shift allowance: |
All regular allowance |
|
Rent allowance: |
All allowance |
|
Maintenance payments: |
All payments under CSA, Court Order or Solicitors letter providing proof of last three payments can be supplied and the payments have a minimum of two years left to run |
|
Pay rise: |
Any increase due within next three months, or your next increment if due within 12 months |
|
Benefits: |
Working tax credit, Child tax credit and Child Benefit |
Please note:
Before applying the income multiplier, you must deduct the annual outlay of any confirmed monthly maintenance payments you make, any monthly outstanding debts/hp arrangements and 36% of any outstanding credit card balances from your household income.
Yorkshire Building Society is one of the largest building societies in the UK. We offer a range of financial products and services including: savings & investment accounts, insurance products, credit cards, loans, mortgages and more.
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Yorkshire Building Society is authorised and regulated by the Financial Services Authority (FSA).
