Covid 19 Status

In line with HM Government requirements to fight the spread of Covid-19 we have measures in place to ensure that we protect our staff, their families and the wider community, but also to ensure that there is minimal disruption to our customers.

Your access to online Multi Agency Credit Reports, Expert Help and Account Management remains unaffected. We take great pride in the support that we provide to our customers and throughout this period will do all we can to minimise the impact on our services. While the country remains in lockdown we will continue to support your queries via a dedicated and experienced team that will be securely working from home, and supported by a Management Team that will continue to be based at our head office and who will be able to provide customer support as required.

The security measures that we have in place to protect your Personal Data, in line with our Privacy Policy, will mean that some elements of our personalised support are affected during this period as our support team will be working with anonymised data when working remotely. Freephone access to our Credit Analysts has been removed during this period while we focus our efforts on continuing to reply to all of your emails and secure messages within one working day.

Thanks for your understanding, and we hope to have full customer support available as soon as possible and wish you well during these challenging times.

Lending Multiplier

What is a Lending Multiplier?

Lenders use a Lending Multiplier based on your income to assess your Affordability for a Mortgage. Typically this calculation works out between 3.5 x and 5.5 x your income. That means If you earn £20,000 a year you would be able to borrow a maximum amount of £70,000 based on a 3.5x multiplier or £110,000 based on 5.5 x multiplier.

In recent years, with the sharp increase in the price of housing lenders have had to adjust these calculations to keep pace with house prices. This has seen this simple calculation often be used less as lenders switch to using calculations based on a percentage of the customer’s income.

For example: a repayment cannot exceed 40% of a person's monthly income minus existing financial commitments. The maximum mortgage amount can then be calculated from the payment amount.

Jargon Buster

Use the links below and the resulting list of terms on the right to locate the term you are looking for. If you can't locate it, please get in touch.

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