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  • HSBC (who I bank with) offered me 5x my salary a few months ago. I then went to a mortgage broker 3-4 weeks ago for a more competitive offering rate wise and they were shocked that I got offered so much. Is 5x salary not the standard offering and has anyone been told they can borrow a lot less since the crisis started when their agreement in principle was up for renewal?

    Taken a 10% pay deferral for the rest of the year which will almost certainly make my agreement in principle be revised downwards anyway. Best laid plans...

    The online HSBC tool gives a straight 5x your salary when you enter it.

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