A lending measure that compares the mortgage amount with the borrower’s income, for example borrowing four or five times annual income.
By Justin Whitelock
Founder of Mortgage London (a trading style of City Finance Brokers Limited, authorised and regulated by the Financial Conduct Authority, FCA No. 766295)
A lending measure that compares the mortgage amount with the borrower’s income, for example borrowing four or five times annual income.