Sentence examples for multiple of income from inspiring English sources

Threadneedle Street commissions its own study of mortgage distress and found that a disturbingly high level of the UK's total mortgage debt is held by households where loans are a high multiple of income.

"My approach to income investing has been to diversify over a multiple of income drivers and this fund provides several," says Lehmann.

With London house prices at many multiples of income and rising, the repayments on high LTV mortgages are unaffordable for all but the most income-rich buyers.

They are also having to save large deposits to pay for a home and take on mortgages on multiples of income far higher than previous generations.

Only a couple of years ago, home prices rose to clearly unsustainable multiples of income, and the abrupt change could hold out hope for a revival of the housing market.

"Instead, with house prices still at many multiples of income and mortgage lending at high loan-to-values limited and expensive, it is the cost of raising a deposit that prevents many from buying a home".

As for lending criteria, Mr Busby says these are based on affordability rather than multiples of income: "They look at all your borrowings, and if these take up less than 33 per cent of your gross monthly earnings then they lend.

However, Liberal Democrat Treasury spokesman Vince Cable said: "This is a very serious development indeed and it was entirely predictable since Northern Rock is one of those banks which has been aggressively increasing its market share by offering mortgages at multiples of income well in excess of prudent levels.

A cap on the proportion of home loans that can be lent at high multiples of income has been proposed.

Bank of England governor Mark Carney has proposed a cap on the proportion of home loans that can be lent at high multiples of income.

It's not easy working multiple jobs but having multiple streams of income is always enjoyable.