Following a review of credit policy, there are some changes to our Loan to Income criteria that will be coming into effect on Thursday 14th December.

What are the changes?

• There has been a change in criteria whereby loans up to 5 times income will only be considered for LTV’s up to 85%.
• The maximum loan to income allowable for loans greater than or equal to 85% is 4.49 times income (sole or joint), subject to our standard affordability assessment.
• All fully packaged applications received before 5pm on Wednesday 13th December will be assessed on the old criteria.

If you have any questions please contact your Relationship Manager.