Income Multipliers Explained:

Income multipliers serve as a guideline for lenders to determine the maximum loan amount you may qualify for based on your salary. Typically, this multiplier ranges from 4 to 5 times your annual income www.ascotmortgages.co.uk/mortgage-affordability-calculator/what-mortgage-can-i-afford-on-a-95k-salary/.
For instance, with a £95,000 annual income, you could potentially borrow between £380,000 to £522,500, depending on the lender's specific criteria and your financial situation.
Factors Influencing Multipliers:

1. Credit History: A higher credit score can lead to a more favorable multiplier, allowing you to borrow a larger amount.

2. Debt Levels: Lower existing debt levels can positively impact the multiplier, potentially increasing the loan amount you qualify for.

3. Employment Type: Stability and the type of employment you have can also influence the multiplier. Lenders may offer a higher multiplier to applicants with secure and stable employment.