Mortgage321

Great News for First-Time Buyers: New High-Income Multiple Mortgage Option Released

Sep 02, 2025By Matthew Pigrome

MP

At Mortgage321, we’re always on the lookout for opportunities that make homeownership more achievable for our clients.

We’re pleased to share some fantastic news: one of our lenders has just launched a new product designed to help first-time buyers maximise their borrowing potential.

What’s New?

This lender is now offering:

  • Loan-to-Value (LTV): Up to 90%
  • Sole Applicants: Minimum income of £35,000
  • Joint Applicants: Combined income of £55,000 or more
  • Maximum Income Multiples: Up to 5.5x income

Why Does This Matter?

For many first-time buyers, affordability has been the key barrier to getting onto the property ladder. This new product opens up the potential to borrow more relative to income, which can make all the difference in securing the right home.

For example:

  • A sole applicant earning £40,000 could potentially borrow up to £220,000.
  • A joint application with a combined income of £60,000 could potentially borrow £330,000.

This additional borrowing power can significantly widen the choice of properties available, especially in today’s competitive housing market.

Who Can Benefit?

This is an excellent opportunity for:

  • First-time buyers struggling with affordability under traditional lending caps.
  • Couples pooling income to secure a higher borrowing amount.
  • Applicants with strong, stable incomes looking for higher loan amounts without stretching their deposit.

How Mortgage321 Can Help

As a specialist broker with over 30 years’ experience, Mortgage321 understands that every client’s circumstances are unique. We’ll assess whether this new product is right for you and explore alternatives if not. Our role is to make sure you have clear advice and a mortgage solution tailored to your needs.

If you’re a first-time buyer ready to explore your options, now could be the ideal time to see what’s possible.

📞 Get in touch with Mortgage321 today on 0800 612 8292 or contact us and let’s discuss how this new opportunity could help you take that all-important first step onto the property ladder.