With regards to residential mortgages again, where your income is over the £25,000 threshold, again just to repeat, there is no set minimum income requirement for residential mortgages.
But it can again, help you with affordability. So, the higher your income is, you’ll have generally across the board 4 and ½ times your income. On some occasions, some lenders will look at higher income multiples. So, they can look at 5 and ½ times. So, that can be very favourable from there on.
So, again it’s going to be subject to reviewing your fact find, and your options going forward.
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