Loan to income maximums raised at Natwest

NatWest Intermediary Solutions is raising the loan to income maximum on mortgages less than 75% LTV from 4.45 to 4.85 times income, and from 4.45 to 4.75 times income on mortgages between 75% and 85% LTV.

Related topics:  Finance
Warren Lewis
24th November 2015
Natwest 3

NatWest lowered its LTI maximums for mortgage applications under 85% LTV to 4.45 times income just last month.

No changes are being made to the LTI maximum for mortgages above 85% LTV.

A NatWest spokesman said: "NatWest uses a number of measures in assessing customers’ affordability through its popular online affordability calculator with the loan to income amount being one of them. The loan to income changes will be incorporated into the online affordability calculator and applied automatically so there is nothing extra that brokers need to do.

All applications submitted by close of play on Monday 23 November will be assessed on the previous loan to income maximums with all new business submitted from Tuesday 24 November being assessed on the new loan to income basis."

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