Case Study: IT Sales Director and Teacher Borrow 5.5x Income to Upsize Family Home
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Overview
Our clients, an IT Sales Director and a Teacher with two young children, were ready to upsize to a £1.2m family home. With school fees and other family expenses to consider, they needed to maximise borrowing while ensuring their monthly payments stayed manageable.
The Challenge
The couple needed £800,000 — around 5.5 times their combined income — to secure the property. Standard affordability calculations would not have stretched this far, especially with school fees reducing disposable income. They also wanted a structure that allowed them to keep cash flow predictable while using annual bonuses to bring the mortgage balance down over time.
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Our Solution
We approached a lender experienced with high-income professionals and structured the loan as follows:
5.5x income multiple: Sourced a lender willing to stretch affordability for strong financial profiles.
100% of bonus income: Used an average of the past two years’ bonuses to boost borrowing capacity.
Interest-only element: Placed part of the loan on interest-only to keep monthly payments manageable, while the remaining portion was on repayment.
Flexible overpayment options: Ensured the chosen mortgage allowed annual overpayments, enabling the couple to reduce the principal balance using future bonuses.
This tailored approach balanced immediate affordability with a clear plan for long-term repayment.
The Outcome
The clients successfully secured an £800,000 mortgage and moved into their ideal family home without overstretching their monthly budget. With a clear strategy to use future bonuses for overpayments, they can steadily reduce the loan while enjoying the flexibility and space their new home provides.
What Our Clients Say
What We Can Do for You
If you’re a high-earning professional family juggling school fees, bonuses, and the need for a larger home, we can help. By structuring borrowing intelligently — from income multiples to interest-only elements — we ensure you secure the home you want without financial strain.
Request your fee free mortgage consultation today. No obligation, just sound advice.
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APPROVED BY THE OPENWORK PARTNERSHIP ON 12/08/2025