Financial Services
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Home Buyer Mortgage
First Time Buyer Guide to buying your own home.
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Home Mover Mortgage
Elevate your move with our tailored Home Mover Mortgage for a smooth transition to your new dream home.
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Home Owner Remortgage
Refinance with our Home Owner Remortgage for better rates, releasing equity, or funding improvements—empowering your homeownership journey.
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Buy-to-Let Mortgage
Dive into property investment with our Buy-to-Let Mortgage, tailored for both seasoned investors and first-timers seeking to build a profitable portfolio.
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Holiday Let Mortgage
Transform your vacation home investment dreams into reality with a Holiday Let Mortgage,
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Green Mortgages
Green Mortgages 🌳 are a new type of mortgage that rewards you for making your home more energy efficient.
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Bad Credit
Mortgages Adverse Credit Mortgages 📉 are for people with a poor credit history.
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Private Medical Insurance
Cut NHS wait times with private medical care and private hospitals.
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Life Insurance
Pay off your mortgage if you or your partner die.
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Bridging Finance
Navigate property transitions seamlessly with our Bridging Finance, offering quick and secure solutions for your short-term financial needs.
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Auction Finance
Secure your auction triumph with Auction Finance, providing the financial backing needed to confidently bid and acquire your desired property.
Can You Get a Mortgage For 6 Times Your Salary? (with Adverse Credit?)
Borrow up to six times your yearly income.
Harry and Jessica are first-time buyers who are tired of renting. With a strong combined income of £62k and £18k saved, they’ve found a 3-bed for £350k, the perfect first home they've purchased to start their future together.
However, a default registered just over two years ago means most lenders won’t support them, especially at 95% LTV.
The high street lenders would decline this case, keeping Jessica and Harry paying rent 125% higher than their landlord's mortgage, instead of getting on the property ladder.
Not from today, we have lenders that support first-time buyers like Harry and Jessica - even with historic blips. With up to 6x income and 95% LTV available, they can finally own their own home.
Most lenders either cap income multiples or reduce LTVs to 85-90%, especially for first-time time-buyers.
Available for:
- First Time Buyers, 95% LTV at 6x Income
- Home Movers, 95% LTV at 6x Income
- Remortgage, 95% LTV at 6x Income
How does it work?
The lender uses debt-to-income, which means if you are on £20,000 a year, you can borrow up to £120,000. However, if you also have an unsecured loan, credit cards and other financial commitments, that is deducted from the maximum available lend.
But I don't have Adverse Credit?
Great! This is just one scenario from one lender. We have other lenders that allow six times the income, especially for first-time buyers, such as Nationwide's "Helping Hand" scheme.
Calculate how much you can borrow.
| Combined household income | 4x salary | 5x salary | 5.5x salary | 6x salary |
|---|---|---|---|---|
| £30,000 | £120,000 | £150,000 | £165,000 | £180,000 |
| £50,000 | £200,000 | £250,000 | £275,000 | £300,000 |
| £100,000 | £400,000 | £500,000 | £550,000 | £600,000 |
| £200,000 | £800,000 | £1,000,000 | £1,100,000 | £1,200,000 |
Get in touch
We are your online mortgage broker, offering you the convenience of applying for a mortgage online. However, we understand that sometimes you may prefer to speak with a human - phone, email or in person.
- Phone number
- 01133 205 902
- [email protected]
- Postal address
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31 Bradford Chamber Business Park,
New Lane, Bradford, BD4 8BX
Looking for career in Mortgage Advice? View job openings.
We are authorised and regulated by the Financial Conduct Authority (No. 919921). The FCA does not regulate most Buy to Let mortgages.
Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.
Cyborg Finance Limited is registered in England and Wales (No. 12131863) at Bradford Chamber, New Lane, Bradford, BD4 8BX