What is a safe income ratio for a mortgage?

[totallyproperty]

We are beginning to hear reports of homebuyers securing mortgages on up to 7 times their income as the UK property market continues to boom. What do you consider to be a safe income ratio for a mortgage?

 

[AshleyJohnson]

New Park Montgomery Alabama

When deciding on a property, you need to consider a few more factors. First, it's a good idea to have an understanding of what your lender thinks you can afford - to gain a precise idea of what size of mortgage their clients can handle, lenders use formulas that are much more complex and thorough. Secondly, you need to determine some personal criteria by evaluating not only your finances but also your preferences.