Lending criteria for LTI & income multiples
Lending criteria
LTI and income multiples
The table below details the maximum applicable income multiples available for different transactions. Please note in order to obtain an accurate affordability figure it is important to complete the affordability calculator accurately.
| LTI =< 4.49x | LTI 4.5 - 5x | LTI 5 - 5.5x | |||
|---|---|---|---|---|---|
| Customer Type | All New Customers | Non First Time Buyers | First Time Buyers only* | Non First Time Buyers | First Time Buyers only* |
| Maximum LTV | 95% | 90% | 95% | 90% | 95% |
| Minimum income (joint or sole basis) | N/A | £50,000 | No minimum | £50,000 | No minimum |
| Product | Standard | Standard | Standard and Boost LTI | Boost LTI | Boost LTI |
*£5k Deposit Mortgage - LTI capped at 4.49x
Please note: cases that utilise the cascade score product range will be capped at 5.0x LTI maximum. Those that require a LTI ratio of over 5.0x will require a boost LTI product.
First time buyer is defined as never having owned a property in the past and no background properties on the application.