IMPROVED AFFORDABILITY

With a specialist lenders, you can borrow more than a traditional highstreet lender would offer. Most highstreet lenders will lend up to 4.5x your annual income, whereas a specialist lender will lend up to 6x, with some going higher than this too.

Borrow more

Based on the difference between 4.5x and 6x income, using an annual salary of £50,000

  • As you can see from the chart, someone on £50,000 could borrow an additional £75,000 when the highstreet is already capped.

  • This jump in loan size, could give the boost you need to buy your dream home, or to fill the gap when the highstreet won’t lend you any more.

  • For example, you may have purchased a property borrowing the maximum you can with a traditional lender, borrowed money on credit cards/loans for home improvements, and a specialist lender could then consolidate this additional money using the equity in your home - reducing your outgoings and lowering the overall interest rate.