If you are looking to borrow a higher <a href="https:\/\/www.onlinemortgageadvisor.co.uk\/mortgage-affordability\/mortgage-income-multiples\/" target="_blank" rel="noopener noreferrer">salary multiple<\/a> than most mortgage lenders will typically offer, this article covers what you can expect to need to get a home loan up to six times your annual income, and how to get that amount.\r\n\r\nWe\u2019ve put together this comprehensive guide to six times salary mortgages, and you\u2019ll find the following topics covered below\u2026\r\n<ul>\r\n \t<li><a href="#get-mortgage-6-times">Can I get a mortgage for 6 times my salary?<\/a><\/li>\r\n \t<li><a href="#whats-needed">What do I need to get a 6 times income mortgage?<\/a><\/li>\r\n \t<li><a href="#mortgage-calculator">Mortgage calculator for 6 times income<\/a><\/li>\r\n \t<li><a href="#what-you-should-know">What should I know about getting a mortgage for 6 times salary?<\/a><\/li>\r\n \t<li><a href="#mortgage-lenders-offer">Which mortgage lenders offer 6 times salary?<\/a><\/li>\r\n \t<li><a href="#expert">Speak to a mortgage affordability expert<\/a><\/li>\r\n<\/ul>\r\nFor in-depth information about <a href="https:\/\/www.onlinemortgageadvisor.co.uk\/mortgage-affordability\/">mortgage affordability<\/a>, check out our guide.\r\n\r\n[feefo-banner]\r\n<h2 id="get-mortgage-6-times">Can I get a mortgage for 6 times my salary?<\/h2>\r\nMortgage income multiples above 4x have become increasingly more difficult to secure, and 6 times is really pushing the limits of what most mortgage lenders will consider. However, under the right circumstances, it may be possible to find a lender who might consider lending to you at this level, if you meet their eligibility and affordability criteria.\r\n\r\nThe expert advisors we work with can access the entire market, and, if there\u2019s a 6x salary mortgage out there for you, they\u2019ll help you to find it.\r\n<h2 id="whats-needed">What do I need to get a 6 times income mortgage?<\/h2>\r\nAs we mentioned earlier, mortgages for 6 times salary are relatively scarce, but not unheard of.\r\n\r\nThe main reason that they <i>are<\/i> rare because they\u2019re seen as higher risk by lenders, most of which prefer to set an upper limit at <a href="https:\/\/www.onlinemortgageadvisor.co.uk\/mortgage-affordability\/4-half-times-salary\/">4-4.5x your income<\/a>.\r\n\r\nThere are also regulations by the Bank of England which limit lenders to no more than 15% of their mortgages at 4.5 or higher.\r\n\r\nAs such, some lenders reserve 6x mortgages for people working in certain professions - such as doctors, lawyers and engineers.\r\n\r\nWith <a href="https:\/\/www.onlinemortgageadvisor.co.uk\/income-types\/contractor-mortgages\/">contractor mortgages<\/a>, a track record of consistently renewed contracts will work in your favour. \u00a0Having a <a href="https:\/\/www.onlinemortgageadvisor.co.uk\/guarantor-mortgages\/" target="_blank" rel="noopener noreferrer">guarantor<\/a> can also increase your odds of getting an offer, whereas dependents can reduce it.\r\n\r\nMortgages for 6 times income are also available for people looking to <a href="https:\/\/www.onlinemortgageadvisor.co.uk\/remortgages\/remortgage-guide\/" target="_blank" rel="noopener noreferrer">remortgage<\/a>.\r\n<h2 id="mortgage-calculator">Mortgage calculator for 6 times income<\/h2>\r\nWant an idea of how much you could potentially borrow with a higher income multiple?\r\n\r\nCheck out our calculator below. Just enter a few basic details into the calculator to get a rough estimate:\r\n\r\n[formidable id=299]\r\n\r\nOnce you\u2019ve got this estimate, make an enquiry. The expert mortgage brokers we work with will be able to look at your circumstances and find lenders who allow higher-income multiple mortgages.\r\n<h3>Are the rules different for joint applications?<\/h3>\r\nA little. Making a <a href="https:\/\/www.onlinemortgageadvisor.co.uk\/mortgage-application\/joint-mortgages-in-the-uk\/" target="_blank" rel="noopener noreferrer">joint application<\/a> means that you\u2019ll be able to borrow more than you would on your own, as the lender will take both incomes into account.\r\n\r\nFor example, if both you and your partner earned \u00a325k a year, the maximum would be \u00a350,000 x 6 = \u00a3300,000.\r\n\r\nSome lenders will allow a <a href="https:\/\/www.onlinemortgageadvisor.co.uk\/mortgage-application\/mortgage-with-multiple-applicants\/">joint application with a third applicant<\/a>, others may allow up to 4 applicants to apply. This allows you and your co-signatories to work together but can prove difficult if one or more of the people no longer has the means to pay, or wants to sell up. You\u2019ll also have to consider how the bills need to be split.\r\n\r\nThe fees on a joint mortgage are about the same as they would be for a \u2018single\u2019 mortgage \u00a0- regardless of the number of applicants.\r\n<h3>How your eligibility is calculated<\/h3>\r\nEvery lender will calculate your eligibility a little differently, but most of them consider a range of similar factors, which you can read about below\r\n<h4>How you make an income<\/h4>\r\nA lender\u2019s estimation of your creditworthiness will depend on whether you\u2019re employed, <a href="https:\/\/www.onlinemortgageadvisor.co.uk\/self-employed-mortgages\/" target="_blank" rel="noopener noreferrer">self-employed<\/a>, or applying for a <a href="https:\/\/www.onlinemortgageadvisor.co.uk\/self-employed-mortgages\/mortgages-for-directors\/">limited company director's mortgage<\/a>. It may even be some combination of the three.\r\n\r\nIf your income is variable, or you need to apply for a <a href="https:\/\/www.onlinemortgageadvisor.co.uk\/income-types\/using-commission-and-bonus-income-for-mortgages\/">mortgage with bonus income included<\/a>, this can also complicate things.\r\n<h4>Your personal credit<\/h4>\r\nThe better your credit, the less of a risk you\u2019ll appear to be. <a href="https:\/\/www.onlinemortgageadvisor.co.uk\/bad-credit-mortgages\/late-payments-and-mortgage-applications\/" target="_blank" rel="noopener noreferrer">Arrears<\/a>, a <a href="https:\/\/www.onlinemortgageadvisor.co.uk\/bad-credit-mortgages\/mortgages-and-ccjs\/" target="_blank" rel="noopener noreferrer">mortgage with a CCJ<\/a> and <a href="https:\/\/www.onlinemortgageadvisor.co.uk\/bad-credit-mortgages\/mortgage-with-defaults\/" target="_blank" rel="noopener noreferrer">defaults<\/a> will pose something of a barrier, a recent <a href="https:\/\/www.onlinemortgageadvisor.co.uk\/bad-credit-mortgages\/mortgage-after-bankruptcy\/" target="_blank" rel="noopener noreferrer">bankruptcy<\/a> more so.\r\n\r\nBad credit is an entire subject in itself, so if you\u2019re interested in learning more about getting a mortgage with bad credit, take a look at our <a href="https:\/\/www.onlinemortgageadvisor.co.uk\/bad-credit-mortgages\/how-to-get-a-mortgage-with-bad-credit\/" target="_blank" rel="noopener noreferrer">guide to bad credit mortgages here<\/a>.\r\n<h4>Your LTV \/ the size of your deposit<\/h4>\r\nThe more you borrow, the bigger the risk. If you can put down a larger deposit, you\u2019re much more likely to get the offer. <a href="https:\/\/www.onlinemortgageadvisor.co.uk\/deposits\/" target="_blank" rel="noopener noreferrer">Read more about this here<\/a>.\r\n<h4>Can I get a mortgage for <i>more<\/i> than six times my income?<\/h4>\r\nFor UK mortgage lenders, 6 times salary mortgages are the absolute limit. That said, there may be other options if you need to borrow more, including <a href="https:\/\/www.onlinemortgageadvisor.co.uk\/second-charge-mortgages\/" target="_blank" rel="noopener noreferrer">secured loans<\/a> and other products.\r\n<h4>Can I get a mortgage for <i>less<\/i> than six times my income?<\/h4>\r\nPossibly. Most mortgages providers will cap their lending at 4.5 times your income, though some might lend less than that, and as we\u2019ve discussed throughout this article, others stretch to more.\r\n\r\nIf you\u2019d like to know more, take a look at our guides below:\r\n<ul>\r\n \t<li>x5 salary mortgages<\/li>\r\n \t<li>x4-4.5 salary mortgages<\/li>\r\n \t<li><a href="https:\/\/www.onlinemortgageadvisor.co.uk\/mortgage-affordability\/3-times-income\/" target="_blank" rel="noopener noreferrer">x3 salary mortgages<\/a><\/li>\r\n<\/ul>\r\n<h2 id="what-you-should-know">What should I know before applying for a 6x salary mortgage?<\/h2>\r\nThere is, of course, a cautionary note on any article about getting a mortgage to borrow 6 times your salary. You\u2019re less likely to get a competitive rate, simply because there are far fewer 6x multiple mortgages out there\r\n\r\nAs such, you could end up paying a lot more in repayments over time. Borrowing as much as you can could put a strain your finances.\r\n\r\nAs someone once said, just because you <i>can,<\/i> doesn\u2019t mean you <i>should<\/i>. Speak to one of the whole-of-market experts we work with to get a clearer idea of what this income multiple might cost you in the long run.\r\n<h2 id="mortgage-lenders-offer">What mortgage lenders offer 6 times salary?<\/h2>\r\nAt the time of writing, the list of 6x salary mortgage lenders is very small. These include Hodge Lifetime and Kensington Mortgages.\r\n\r\nOther lenders including Norton Homeloans, Together and Family Building Society are known to be flexible with salary income caps, but seeking specialist advice is the best way to find the right provider for you, and this is doubly important if you\u2019re borrowing as much as x6 your salary.\r\n\r\nThrough a whole-of-market broker is the best way to approach these lenders, as they may be able to negotiate a more favourable deal for you, or have access to a niche mortgage provider that is a better fit for your needs and circumstances than those name-dropped above.\r\n\r\nThe advisors we work with have access to every x6 salary mortgage lender on the market and can pair you with the provider best positioned to offer you favourable rates on a mortgage of this size.\r\n<h2 id="expert">Speak to a six times salary mortgage expert today<\/h2>\r\nIf you have questions about 6 times salary mortgages and want to speak to an expert for the right advice, call Online Mortgage Advisor today on 0808 189 2301 or make an <a href="https:\/\/enquiries.onlinemortgageadvisor.co.uk\/match-me-with-a-specialist" target="_blank" rel="noopener noreferrer">enquiry here<\/a>.\r\n\r\nThen sit back and let us do all the hard work in finding the broker with the right expertise for your circumstances. \u00a0\u2013 We don\u2019t charge a fee and there\u2019s absolutely no obligation or marks on your credit rating.