Loughborough Building Society’s new mortgage lets buyers borrow up to 5.5 times their salary – The Us Posts

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LOUGHBOROUGH Building Society has become the latest lender to offer a mortgage that lets buyers borrow up to 5.5 times their salary. Clydesdale Bank.

We have won “Moneyfacts Best First-Time Buyer Mortgage Provider” twice in recent times and have been highly commended as “Moneyfacts Best regional building society” We offer fixed rate mortgages, discount mortgages, remortgages, buy to let, self-build, near prime, retirement interest only and first time buyer mortgages

If you did, I am sure you would not ask us to make. security in their latter years. But the rapid inflation of the 1970s and 1980s wasn’t so terrible for them in one very important way. It meant.

The Loughborough offers a range of mortgages for first time buyers, re-mortgage or home movers. Use our mortgage calculator and see how much you could borrow.. The Loughborough Building Society is a member of the Building Societies Association.

Loughborough Building Society has extended its mortgage lending to include 5.5 times income for borrowers. The mutual said it was launching a dedicated mortgage product to support those people who found that although they had adequate income to comfortably afford the monthly payments, they failed the affordability test at 4.5 times income.

Homebuyers will be able to borrow up to 5.5 times their annual salary with a new mortgage deal from Loughborough Building Society.

A general view of the Hanley Economic Building Society branch in Stoke-on- Trent, In the past year, the lender has started offering more high risk loans, A post-financial crisis housing market boom along with record.. new mortgage lets buyers borrow up to 5.5 times their salaryMay 20, 2019In "Money".

Tipton and coseley building society has recently increased the income multiple ratio for purchases and remortgages (up to 85% loan-to-value – LTV). It’s able to offer mortgages up to an income multiple of 6 times. To qualify, the highest income earner on the application must receive a gross salary of a minimum of 50,000.

A brand new home is top of many people’s wish list, and now that hard-pressed developers are pushing to sell their new-build properties there are plenty of attractive deals to help first-time buyers