NatWest limits mortgage income multiples again

by Aaron Strutt

Oct 12 2015

NatWest has reduced the amount it will lend mortgage borrowers if they have less than a 15% deposit. 

The bank has chopped its maximum loan-to-income for mortgages of 75% loan-to-value (LTV) or lower from 4.99 to 4.45 times income. For mortgages between 75.01% to 85% loan-to-value, the maximum loan has also been reduced from 4.49 to 4.45 times income.

There will be no changes to the maximum loan-to-incomes on mortgages above 85% LTV, which remains at four times salary.

NatWest has some of the most generous multiples in the industry. Unlike other mortgage lenders, they do not take train season ticket loans or childcare costs into consideration when assessing how much you can borrow.

Trinity Financial has access to banks and building societies lending up to five times both single and joint incomes. We also work with one building society lending up to six times income, but applicants will need a limited amount of personal debt to qualify.

For help to secure a mortgage, call Trinity on 020 7016 0790.