At Tembo, we have access to a number of schemes from lenders that allow you to borrow up to 5.5x your income. One of these is Nationwide’s Helping Hand scheme, which allows you to borrow up to 5.5x your salary with just a 5% deposit.

It’s often difficult to get the mortgage you need to buy your dream home, due to the affordability gap between what lenders will offer and what a house costs. Being able to borrow more through a 5-6x Mortgage allows you to boost your borrowing power significantly. While you will need to prove you can afford the monthly payments to qualify for the mortgage, it’s worth keeping in mind that more of your money will be put towards paying off your loan and interest each month if you choose to take out a larger mortgage. This could mean that you have to put on hold other things, like holidays or buying a new car.

Whether you can get a mortgage 6 times your salary depends on your profession, and what deals lenders are offering. Professions such as doctors and lawyers can be eligible to borrow up to 6x their salary from certain lenders offering bespoke deals.