Boost Loan To Income Range | Accord Mortgages
BOOST LTI
Common-sense lending - it’s in Accord’s DNA. Eligible clients can now benefit from a small stretch to their income multiples to achieve their borrowing goals.
Key information
Who is it for?
Accord’s Boost LTI range is designed to support a wide variety of borrowers, including first time buyers, home movers and remortgagers. Offering increased LTI options – from 5x up to 5.5x for eligible clients, where a small stretch to income multiples is needed.
For home movers and remortgagers the LTV is up to 90%, with household earnings of £50,000 or above.
For first time buyers Boost LTI options up to 5.5x are available up to 95% LTV. No minimum income level requirement for first time buyers.
How it works
The good news you don’t need to do anything differently. Submit your DIP as usual, and MSO will automatically assess whether your client needs, and is eligible for, Boost LTI based on the requested loan amount.
MSO will then show which products are available for you and your client to consider.
If the application is for a new build, make sure to select ‘New Build’ at DIP so MSO can generate the correct outcome.
Boost LTI products
Standard Lending Policy must be met.
- Cascade Score applications are not included.
- Boost LTI is available up to 95% LTV for first-time buyers, with no minimum income requirement.
- For home movers and remortgage customers, Boost LTI is available up to 90% LTV, subject to a minimum household income of £50,000.
How to get started
- Get an estimate of your client’s borrowing needs with our affordability calculator.
- View our lending criteria to make sure everything is in order for your client’s application – you can search the criteria by topic or browse by category.
- Use our online product finder to search for the right deal for your client.
What you need to know
- Standard lending policy must be met
- Cascade score applications are not included
- Boost LTI is available up to 95% LTV for first time buyers, with no minimum income requirement
- For home movers and remortgage customers, Boost LTI is available up to 90% LTV, subject to a minimum household income of £50,000