Here is the latest update from the Principality Building Society. For full details download/ see their latest product bulletin here. Criteria information is available here. Access these product via our direct to lender mortgage club and get the benefits of payment on completion.
Principality Announcements
We’ve reduced our enhanced LTI income and loan amounts
As a response to broker feedback, we’ve reduced our minimum income and minimum loan amounts to make more possible for clients eligible for our enhanced LTIs.
What this means for you
Where we offer a Loan to Income (LTI) ratio over 4.49
A minimum household income of £30,000 is now required, with a minimum loan amount of £150,000.
For clients using enhanced Loan to Income (LTI multiples)
For 5x LTI for medical workers and 5.5x for first-time buyers & newly qualified professionals applications, please continue to contact the desk team who can run an affordability calculation for you.
Find out more about our income boosts