From today, Barclays will remove the 4x multiple limit on mortgages in this LTV range.
For LTVs greater than 90%, the 4x multiple limit will remain, but on Help to Buy schemes a maximum multiple of 4.49x already applies.
Borrowers with an income of over £55,000 will retain a maximum 5x income multiple.
Family Springboard customers earning over £50,000 have access to a 5.5x maximum multiple, as do Premier and Wealth clients earning over £75,000 or more or £100,000 for joint applications.
Barclays increases high-LTV income multiples to 4.49
Barclays Mortgages is giving borrowers earning up to £50,000 and choosing mortgages between 85% and 90% LTV access to a 4.49x income multiple.
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