We have made a number of changes to our affordability calculations and I am pleased to confirm that we have increased our maximum loan to income to 5 times below 75% loan to value, the changes are as follows;
| LTV | Income | Old LTI | New LTI |
| <75% | <=£20k | 4.45 | 4.45 |
| <75% | >£20k <=£75k | 4.85 | 4.95 |
| <75% | >£75k | 4.85 | 5 |
- BTL First Time Buyers LTI moves from 4.85 to 4.95
- All parameters >75% LTV remain unchanged
Please note that these changes are based on single or joint income thresholds so a joint income over £20,000 would qualify for the new LTI calculation.
We have made these changes to assess the customer’s current and future mortgage affordability whilst ensuring that we continue to lend responsibly.
