Multipliers (income)

An assessment used by the lender to calculate the amount of money they would be prepared to lend to the borrower. The calculation is made based on the income of the applicant, or it could be a percentage of the total amount of the borrowing required. Some borrowers will lend up to 3 times the applicant�s overall salary, or 2 � times if the application is a joint one. The assessments used vary from lender to lender