Lenders consider different rates, conditions, and criteria for assessing the affordability of sole traders, limited companies, and limited liability...
Author - SWG Mortgages
Many lenders typically consider a ratio of 4 to 4.5 times your annual income as the basis for your mortgage repayments. However, a few of them also consider higher ratios, but they are more likely to demand other borrowers' guarantees. Therefore, large mortgage applicants should consider strategies such as clarifying and improving their credit rating, paying significant deposits, and using a mortgage broker.