How To Get A Mortgage 7 Times Your Salary

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5.0 Based on 145 reviews from review us onElliot E. ★★★★★ Phil Greenwood was fantastic in assisting us in getting our BTL mortgage when several other mortgage brokers were not able to, given our particular circumstances and self employed status. From starting with an initial call right through to the finish, communication was excellent and we're absolutely thrilled. Thank you, Ascot Mortgages for such a professional service.vanessa G. ★★★★★ We had great experience with Natalia. She provided prompt and excellent service throughout our house purchase process.We highly recommend Natalia for mortgage adviseFlora R. ★★★★★ I worked with Richard (Protection Adviser) for a couple of days to sort out life and critical illness insurance. Absolutely brilliant, he found me and my husband the perfect policy. Very knowledgeable and easy to get on, he definetely makes things easy to understand. Thank you for the great service provided.Debbie P. ★★★★★ Cannot speak highly enough of Ascot Mortgages who have helped me on my journey over the last seven years. They have made the dream property possible twice. Thank you to Alison, Jardelle and all the team. I am very grateful.Areti D. ★★★★★ Absolutely thrilled with the exceptional service provided by Ascot Mortgages Ltd and especially by Natalia Barry! Even though our home purchase hasn't been completed yet, we couldn't wait to share our positive experience. From the moment we reached out, their professionalism and expertise shone through, making the daunting process of securing a mortgage a breeze.Not only did Natalia navigate the intricacies of the mortgage market with finesse, but they went above and beyond by suggesting other high-quality services, including solicitors and insurance providers. This comprehensive approach is making the entire home-buying journey seamless and stress-free.Natalia took the time to understand our unique needs and financial situation, ensuring that the options presented were tailored perfectly.Communication is prompt and clear throughout, leaving us feeling informed and confident at every stage. Natalia had our best interests at heart, going the extra mile to secure a fantastic mortgage deal.We cannot recommend Ascot Mortgages and Natalia highly enough. If you're in need of mortgage assistance, look no further. With their expertise and dedication to client satisfaction, you're in the best hands possible. A huge thank you to Natalia for making our home-buying experience a dream come true!Ashley Cox 1. ★★★★★ Would 100% recommend. Myself and my partner are currently going through the mortgage process as first time buyers. Natalia Barry has dealt with our application from day one. She has always been on hand to help, informative throughout and reliable when we have had questions. She has given us several options and broken them down into simple terms to help us. Natalia has truly been exceptional who deserves every bit of credit. We certainly got lucky having her as our first mortgage consultant.Dominik S. ★★★★★ Alison and the Ascot Team are excellent. I have used them for 5 years now and they deliver the most competitive mortgage deals fast. Just what I need. Thank you!Eric T. ★★★★★ We have dealt with Ascot Mortgages twice. Once for a mortgage about eleven years ago and recently for life insurance.In both cases we were treated with the utmost respect and professionalism.In the case of the life insurance application, we considered ourselves to be problem customers because of our age and numerous health issues.Richard Johnson, who managed this application couldn't have been more helpful.He worked in our best interest and was dedicated to providing an excellent service.We were kept up to date through all of the stages of the application and when our doctors were very slow in producing medical reports for the insurance company he persisted where others might have given up.The service we had from Richard was pleasant and professional throughout some difficult stages.My wife and I have no hesitation in recommending Ascot Mortgages.Zack R. ★★★★★ Having dealt with Ascot Mortgages and Alison for many years now I can say that you wont find a more professional, knowledgeable and efficient company to help with your mortgage. Alison is patient and makes the whole process seem easy. She has the answer to any question you have and seems to genuinely care. I can not recommend enough. I am sure I will be using Ascot Mortgages for years to come.Umair Z. ★★★★★ It has been a fantastic experience to work with both Phil and Jardelle at Ascot Mortgages to secure a mortgage product for my first home. Phil made the mortgage process smooth and easy. They are professionals and know what they are doing. Very pleased with the service and communication. would highly recommend them.Hello at NLP West M. ★★★★★ I needed a buy to let re-mortgage. Ascot were efficient from start to finish. I can recommend them completely especially because they can search the whole spectrum of mortgage lenders and meet the clients needs. never waiting for staff to get back and always kept me in the loop.Onohomen O. ★★★★★ ZHOU J. ★★★★★ It has been a brilliant experience to work with both Phil and Jardelle at Ascot Mortgages to secure a great mortgage product for our next home. Given how challenging the current market is, they have done a fantastic job to meet our needs with their expertise, professionalism and effectiveness. We would highly recommend their services to whom seeks help with their property purchase.Nicholas S. ★★★★★ Fantastic service. Ellie and Jardelle were always quick to reply to any queries and very helpful throughout the process. Highly recommend!Stacey S. ★★★★★ Jason was brilliant to work with! Always on top of the transaction! Would highly recommend 👍Scott ★★★★★ Although I've not bought anything yet, they (Jason in particular) have been super helpful in my search for the right mortgage deal, whilst also giving an honest opinion during these difficult times. Would highly recommend.Sandra I. ★★★★★ Fantastic from start to finish! Natalia and Jason found me the best rate for my remortgage and they were extremely efficient! Best service I’ve ever received from a brokerage company. Thanks so much.Virmantas N. ★★★★★ Amazing service and great communication. Ellie Morgan had quickly completed all requests and over delivered all expectations.Highly recommended for those who want to get the stuff done without any delays!David W. ★★★★★ I have used ascot for 3 renewals since they done helped me with my purchase which was complicated and will continue to use them going forward. Very fair prices and very helpful and knowledgeable even with just general information.Adam B. ★★★★★ Natalia made life very easy for us when remortgaging. Third time using ascot always a breezeTaff G. ★★★★★ Ascot Mortgages have been brilliant. Easy to work with and incredibly helpful. I am always happy to recommend them. Natalia and Jason have made the whole process much easier than I was expecting. Excellent service.Daryl L. ★★★★★ We've had a fantastic experience with Natalia Barry and Jason Jones at Ascot Mortgages for our property purchases and refinancing. Their expertise, coupled with genuine care and understanding of our needs, made the process smooth and stress-free.They were consistently communicative, keeping us informed at every step. Their assistance in consolidating our protection cover was invaluable, simplifying what could have been a complex process.What set them apart was their personal touch – always polite and ready to pick up the phone for a chat. This level of personal engagement is rare and much appreciated.In short, Natalia and Jason are not just skilled professionals but also truly dedicated to their clients. We highly recommend their services to anyone in need of mortgage advice.Sarah A. ★★★★★ I have used this firm for several years and they have always been super helpful and supportive, attentive and resolved issues in really useful ways. Shout out to Alison, Ellie and Jardelle (and the team!)Georgia W. ★★★★★ We worked with Ellie to secure our mortgage and protection, and she was a dream! Being a first time buyer, I was quite clueless about the process, and in a time where mortgage rates have been quite high, she worked right til the end to make sure we were getting our mortgage at the best possible rate and was always available to answer all questions I had. Can't recommend enough 🙂Richard D. ★★★★★ js_loader

Written by:

Alison Gibson

Ascot Mortgage Expert

Last Updated:


Written by:

Alison Gibson

Ascot Mortgage Expert

Last Updated:


Securing a mortgage can be a daunting process, especially if you’re aiming for a high multiple of your salary. The dream of owning a home often requires navigating through various financial requirements and lender criteria. This guide will walk you through the steps and considerations for obtaining a mortgage 7 times your salary, providing insights into eligibility, calculations, and potential downsides.

Who Can Secure a Mortgage Borrowing for 7 Times Income?

Not everyone will qualify for a mortgage 7 times their salary. Typically, this kind of high multiple mortgage is available to individuals in certain professions or financial situations. Here are some groups who might be eligible:

  • High-income professionals: Doctors, lawyers, and other high-earning professionals often have access to special mortgage deals due to their stable and substantial incomes.
  • Individuals with significant additional income: This includes those with substantial bonuses, commissions, or other variable income sources that significantly boost their total earnings.
  • Strong credit profiles: Applicants with excellent credit scores and a solid financial history are more likely to be considered for high multiple mortgages.
  • Low debt-to-income ratio: Lenders prefer borrowers who have minimal existing debt relative to their income, indicating a higher ability to manage additional mortgage payments.

Who Isn't Eligible for A Mortgage Based on 7x Salary?

While some individuals may qualify, others may find it challenging to secure such a high multiple mortgage. Here are some factors that could make it difficult:

  • Low or unstable income: Those with lower or less stable incomes may struggle to meet the criteria for a 7x salary mortgage.
  • High existing debt: If you already have significant debt obligations, lenders may be reluctant to offer a high multiple mortgage.
  • Poor credit history: A poor credit score or history of missed payments can significantly impact your eligibility.
  • Self-employment without sufficient proof of income: Self-employed individuals often need to provide more documentation to prove their income stability.

How Can You Obtain a Mortgage for 7x Your Salary?

If you believe you qualify, here are the steps to take to secure a mortgage 7 times your salary:

  1. Improve Your Credit Score: Ensure your credit score is as high as possible by paying off debts and keeping credit card balances low.
  2. Reduce Existing Debts: Lower your debt-to-income ratio by paying down existing loans and credit card balances.
  3. Provide Proof of Income: Gather documentation that proves your income, including payslips, tax returns, and any additional income sources.
  4. Save for a Larger Deposit: A larger deposit can make you a more attractive candidate to lenders.
  5. Consult a Mortgage Broker: A broker can help you find lenders who are willing to offer higher multiples based on your salary and financial situation.
  6. Consider Specialist Lenders: Some lenders specialise in high multiple mortgages and may have more flexible criteria.

Mortgage Calculations for 7 Times Salary

Understanding how lenders calculate mortgage eligibility is crucial. Here’s an example of how it might work:

  • Annual Salary: £50,000
  • Mortgage Multiple: 7 times
  • Maximum Mortgage Amount: £50,000 x 7 = £350,000

Lenders will also consider other factors, such as existing debts, monthly outgoings, and overall financial stability when determining the exact amount they are willing to lend.

Mortgage Affordability Calculator

Use our Mortgage Affordability Calculator to determine how much you can borrow.

Mortgage Affordability Calculator

Use this calculator to determine how much you could potentially borrow for a mortgage, based on the typical salary multiples used by most UK lenders.

Input full salaries for all applicants

Are There Any Downsides of Mortgages for 7x Your Salary?

While a mortgage 7 times your salary can help you buy a more expensive home, it’s important to be aware of potential downsides:

  • Higher monthly payments: Larger loans mean higher monthly repayments, which can strain your budget.
  • Increased risk of default: If your financial situation changes, you may find it harder to keep up with payments, increasing the risk of default.
  • Limited lender options: Not all lenders offer high multiple mortgages, which can limit your choices and potentially lead to higher interest rates.
  • Economic changes: Interest rates can fluctuate, potentially increasing your mortgage payments over time.

How Much Can I Borrow?

The amount you can borrow depends on several factors beyond just your salary. Here’s how you can determine your borrowing limit:

  • Use online calculators: Our online calculator estimates how much you can borrow based on your income.
  • Consult with a mortgage broker: Broker like Ascot Mortgages can provide a more accurate assessment based on your specific financial situation.
  • Consider other incomes: Include any additional income sources, such as bonuses, overtime, or rental income, in your calculations.

Repaying Mortgages Based on 7 Times Salary

Repaying a high multiple mortgage requires careful financial planning. Here are some tips to manage your repayments:

  • Create a budget: Track your income and expenses to ensure you can meet your mortgage payments comfortably.
  • Build an emergency fund: Save money to cover unexpected expenses or income changes.
  • Consider overpayments: If possible, make overpayments to reduce the principal amount and interest over time.
  • Regular reviews: Regularly review your mortgage terms and financial situation to ensure you are on track with your repayments.

How Can I Determine If I Am Eligible?

Determining eligibility for a mortgage 7 times your salary involves several steps:

  • Check your credit score: Ensure it meets the lender’s requirements.
  • Assess your debt-to-income ratio: Calculate your monthly debt payments relative to your income.
  • Gather income documentation: Collect payslips, tax returns, and proof of any additional income.
  • Consult a broker: A broker can provide a personalised assessment of your eligibility and recommend suitable lenders.

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Buy-to-let mortgages typically have different criteria. Lenders usually consider the potential rental income of the property rather than just your personal income. However, having a strong income and credit profile can still be beneficial.

Mortgages 10 times your salary are extremely rare and typically only available in exceptional circumstances. Most lenders consider such high multiples too risky. It’s best to consult with a mortgage broker to explore all available options and understand the feasibility based on your financial situation.

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