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FOR THE USE OF MORTGAGE INTERMEDIARIES & OTHER PROFESSIONALS ONLY

FOR THE USE OF MORTGAGE INTERMEDIARIES & OTHER PROFESSIONALS ONLY

Changes to our criteria

We’ve made improvements to our lending criteria

From 25 April 2022, we’ve increased the maximum level of borrowing to 5x loan to income (LTI) on applications where the borrowing is less than or equal to 85% LTV, and the income on the application is more than £50,000.

Income LTV Income multiple
More than £50,000 ≤85% 5.00 times income

>85%

4.49 times income

Less than or equal to £50,000

≤90%

4.49 times income

>90%

4.25 times income

We’ve also removed the LTI cap for self-employed applicants, previously set at 4.49 times income.

Previous changes to our criteria