what are mortgage multiples like at the moment?

[PogoBaby]

Looking to move house. Houses similar to ours are currently selling for between x and y. If we achieve x we will have a 25% deposit based on the asking prices for the type we want to buy.

We'll need a mortgage 3.75 times my salary (DH a SAHD) - are many places gives this multiple at the moment?

Going to make an appointment with a mortgage broker but ours isn't yet on the market so don't want to get too far ahead of myself

A lot of lenders look at affordability rather than strict multiples of salary nowadays. So they look at your income take away your outgoings (loans, childcare, credit card payments) and decide whether you can afford it or not.

I would work with your broker and see what deals would be available to you and at what level. Then you will be better informed of how much you might be able to afford as you go into the selling/buying process, no?

Thanks both (sorry modem problems meant I could get online yesterday!)