News
Gatehouse Bank raises income multiples to 6x across Home Purchase Plans
The enhanced ratios apply across all customer types, including UK residents, expats and international buyers purchasing property in England or Wales.
loan-to-income
Residential Mortgages
Lloyds Banking Group increases lending to FTBs with extra £4bn boost
Andrew Asaam said: "Lending an extra £4bn means we can help even more customers get the keys to their first home.”
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Santander increases LTI limits following Treasury rule changes
The revisions align with updated LTI guidance announced by the Treasury in July and will apply across purchase and remortgage applications.
Building Societies
Suffolk Building Society launches 5.49x income multiples for renters
This is the first time the society has taken rental history into account to support affordability.
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Gen H updates LTI limits to support self-employed applicants
Self-employed applicants can now borrow up to 5.5 times their income and loans over 85% LTV will no longer be limited to 4.49 times applicant income.
Residential Mortgages
Nationwide lowers income thresholds for six-times mortgage boost
Nationwide will now offer its Helping Hand mortgage to first-time buyers on lower incomes, following recent regulatory changes.