The mortgage market is shifting, and the news is positive for buyers. An increasing number of lenders are relaxing their criteria and raising their loan-to-income (LTI) multiples, giving more people the opportunity to purchase their dream homes.
Thanks to a recent announcement by the Prudential Regulation Authority (PRA), it is now possible for lenders to provide more high Loan-to-Income (LTI) mortgages.
This change was made following a recommendation from the Bank of England’s Financial Policy Committee to amend the “LTI flow limit,” which allows individual lenders to increase their share of high LTI lending.
We are already seeing lenders respond with greater flexibility, opening doors for buyers who were previously restricted by tighter affordability limits.
What’s New?
- Up to 7x LTI available – for applicants earning £60,000+ per year, with borrowing possible up to 90% loan-to-value (LTV).
- High street banks stepping up – we now work with a range of well-known lenders offering between 5.5x and 6x salary.
- Greater choice for borrowers – with more lenders easing restrictions, there are more options than ever for buyers who want to make their move.
Why This Matters?
For many, income multiples have been the biggest barrier to homeownership. These new lending opportunities could make the difference between compromising on a property and securing the home you truly want.
How We Can Help
Book a free consultation call today or call us on 0208 364 3444 we’ll help you explore your options, maximise your borrowing potential, and secure the right deal for your circumstances.