A brand new report from online mortgage broker Mojo Mortgages has revealed that in some parts of the UK, solo buyers need to borrow over 15 times their salary to purchase an average-priced house. And even couples need to face borrowing 7.7 times their combined earnings.

This alarming statistic highlights a significant affordability crisis, especially considering that most mortgage lenders won’t let you borrow beyond 4.5 times your salary, without you meeting other criteria.

7 simple strategies that can help you borrow a bigger mortgage

For those who need to borrow more than 4.5 times their salary (or combined salary if in a couple), Mojo Mortgages has shared seven ways to boost how much you can borrow for a mortgage:

1. Improve your credit score

2. Consider a joint borrower sole proprietor mortgage

3. Minimise your debt-to-income ratio

4. Explore shared ownership options

5. Save a larger deposit

6. Demonstrate stable income

7. Speak to a free mortgage broker

You can find all of these tips in more detail on Mojo Mortgages’ Mortgage-to-Salary Ratio Report.