Mortgages are available for property loans of up to 100% loan to value. The larger the deposit, the better the mortgage terms available. Most building societies and banks will allow a mortgage loan of 3x’s the annual income of the first applicant (plus the annual salary of the second applicant if joint mortgage) or 2.5x’s the combined salary if greater.

Some lenders are more flexible and will allow income multiples of up to 5x’s annual income. It is important to assess whether you will be able to afford future mortgage payments. In particular what would happen if you or your partner were unable to work in the future.

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