The size of mortgage that lenders will offer will often be worked out by multiplying your income each year by certain factors. The multiplier tends to alter from time to time, and therefore a customer wishing to ascertain how much they can borrow today, should seek advice from a professional and impartial mortgage adviser.

This how lenders decide the maximum amount that you can borrow for a mortgage. It is based upon your total income. The most common would be 3 times how much you make if you are single. It goes down to two and a half times your income if you are married. This will determine the precise amount you are eligible to borrow.

The size of mortgage that lenders will offer will often be worked out by multiplying your income each year by a set figure. If you are the only person taking out the mortgage, the usual maximum income multiple is three times your yearly income. So someone earning £15,000 could borrow three times this amount, or £45,000. If you are taking out a mortgage with someone else, the multipliers might be three times the main income plus one times the second income. Or it could be two-and-a-half times the two incomes added together. (Lenders may consider including all or part of any regular bonuses or commission you receive as your income).

The amount of money that lenders will offer is usually calculated by multiplying your annual income by a set figure. A single applicant can usually borrow 3 x annual income; for two applicants the multipliers can be 3 x main income plus 1 x second income, or 2.5 x joint income.