From Wednesday 6 April we are making a change to the loan to income (LTI) caps applied as part of our affordability calculation.

For incomes >£75,000 where the loan to value (LTV) is 85-90% and the loan amount is <=£500,000 the LTI is being increased from 4.49x to 4.75x.

We use an affordability calculation to work out the maximum loan available to a customer, but LTI caps also apply. Please see the Affordability and Sustainability section within Incomes on our website Criteria page for details of all the LTIs which apply.

Our website Mortgage Affordability Calculator is available to give you an indication of the amount we are able to lend a customer.

The change applies to applications started from Wednesday 6 April. For example, a Decision in Principle (DIP) keyed on Wednesday 6 April will follow the new rules, but a DIP started before Wednesday 6 April will follow the previous rules.