skip to main content

Request a call back

Leave your contact details and one of our expert advisers will call you back shortly.

You can also complete our mortgage questionnaire for a more accurate initial response.

Please note, by submitting this information you have given your agreement to receive verbal contact from us to discuss your mortgage requirements.

Menu

Back to Mortgage News

NatWest raises income multiple to 4.85 times salary for mortgages over £500,000

NatWest for Intermediaries and Platform have increased the income multiples they use to assess mortgage affordability.

NatWest’s current maximum income multiple for mortgages of more than £500,000 is four times income. Although, from 12 May, it will be raised to a maximum of 4.85 times income. The bank offers a range of larger mortgage loans.

Platform, The Co-operative Bank’s broker lending arm, is allowing clients to borrow up to 4.85 times income, up from its previous flat rate of 4.49. Platform’s maximum loan size is £1.5 million.

If you are looking for a more generous income multiple, Trinity has access to lenders offering between five and six times both single and joint salaries.

Aaron Strutt, product director at Trinity Financial, says: “Some mortgage lenders offering less generous income multiples have struggled to attract borrowers because they cannot lend as much money as their competitors. 

“By increasing the maximum income multiples NatWest and Platform will hope to provide more mortgages, particularly as they offer such competitive rates.”

To secure a more generous mortgage call Trinity Financial on 020 7016 0790.

Get in Touch

Get in touch

To arrange a meeting with one of our expert mortgage advisers complete our enquiry form and we will call you back. Please note, by submitting this information you have given your agreement to receive verbal contact from us to discuss your mortgage requirements.

Need some advice today?

Book a Consultation Mortgage Questionnaire