Affordability changes

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From Wednesday 6th April we are making a change to the loan to income (LTI) caps applied as part of our affordability calculation.

For incomes >£75,000 where the loan to value (LTV) is 85-90% and the loan amount is <=£500,000 the LTI is being increased from 4.49x to 4.75x.

We use an affordability calculation to work out the maximum loan available to a customer, but LTI caps also apply. Please see the Affordability and Sustainability section of our Criteria page for details of all the LTIs which apply.

Our Mortgage Affordability Calculator is available to give you an indication of the amount we are able to lend a customer.

The change applies to applications started from Wednesday 6th April. For example, a Decision in Principle (DIP) keyed on Wednesday 6th April will follow the new rules, but a DIP started before Wednesday 6th April will follow the previous rules.

Our tracker rate mortgages are linked to Bank of England bank rate (also known as Bank of England repo rate). Details of this rate can be found on the Bank of England website at

For independent information on mortgages, visit the website 'Money Advice Service'.

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