NatWest has improved its affordability calculator to offer enhanced loan-to-income (LTI) calculations for residential capital and interest mortgages.
Single or joint borrowers earning over £40,000 and borrowing between 75% and 90% LTV can now get an LTI of up to 5x.
For those earning over £75,000 sole income or £100,000 joint income and borrowing between 75% and 90% LTV, they could get an LTI of up to 5.5x.
The new LTIs are subject to affordability and credit scoring.
Lloyd Cochrane, head of mortgages at NatWest, commented: "Today’s move means we can support more of our customers to buy a home. It is the first of many improvements we are making this year.
"Whether our customers are looking to buy their first home or move along the property ladder, we are committed to making access to borrowing as inclusive as possible and this move it the latest step in that direction."
