Related topic: Loan to income

High LTI lending by individual lenders can now exceed 15% of their total number of new residential mortgages.

Eligible customers will be able to borrow up to 6 times their income on lending up to 90% LTV through Skipton's LTI Booster range.

The lender has lifted the maximum LTI on core residential products to 5.5x income.

The policy change increases eligible customers' borrowing power by more than £200,000 in some instances.

Over 6x income is now available on selected products.

Precise will offer income multiples up to 6x at 95% LTV, includes borrowers with recent adverse.

Accord will now lend up to 5.5 times income to first-time buyers at 95% LTV.

The move is expected to support an additional 10,000 first-time buyers each year.

April says its longer-term fixed rate mortgage offering makes the enhanced LTI possible.