Scottish Widows Bank updates lending multiples

Mortgage

​Scottish Widows Bank has increased its Loan to Income (LTI) multiples for mortgage applications

Article date: 02/03/2018

Scottish Widows Bank has increased its Loan to Income (LTI) multiples for mortgage applications with earnings above £75k on borrowing below 75% LTV.

For borrowing under £500k, the specialist lender will now consider applications at 5x income, (increased from 4.75x). For borrowing of more than £500k, multipliers have also been increased from 4x income to 4.49x income.

Where income is below £25k, multipliers will decrease from 4.75x income to 4.49x income (max 90% LTV).

The new income multiples will apply to applications received from Friday 2 February 2018.  



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