Eligible clients with household earnings of £70,000
Accord’s Boost LTI range will offer increased LTI options (from 5x up to 5.5x) for eligible clients with household earnings of £70,000 or above who need a small stretch to their income multiples to achieve their borrowing goals.
With LTVs of up to 90% (85% for new builds), Accord’s new Boost LTI range has been designed to help lots of clients including first-time buyers, those looking to move up the property ladder and for remortgages too.
How does it work?
The good news is it’s effortless - you don’t need to do anything differently.
You simply submit your DIP as usual, and MSO will automatically work out whether your client needs, and is eligible for, Boost LTI based on the requested loan amount
MSO will then let you know which products are available for you and your client to consider
If the application is new build, you must select ‘New Build’ at DIP, so MSO can generate the right outcome
What else do you need to know?
Standard Lending Policy must be met
Cascade Score applications are not included
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