Increased LTI income threshold above 4.49x (excluding FTBs)
Applies to: Residential New Business and Additional Loans
From today, the minimum residential LTI income threshold for LTIs above 4.49x has been increased from £50,000 to £65,000.
This change does not apply to first-time buyer applications, which have no minimum income requirement.
What else do you need to know?
- Includes Boost LTI products
- There is no impact on pipeline cases
- DIPs are unaffected unless the DIP expires
- Current criteria and scorecard requirements remain the same
Accord are increasing rates in their Buy to Let Product Transfer range
On Wednesday 20 May, Accord are increasing rates in their Buy to Let Product Transfer range. The current range will be withdrawn at 8pm, Tuesday 19 May and the new range will be available at 8am, Wednesday 20 May.
What’s changing?
- 2-year product rates will be increased by 0.05%
- 3-year product rates will be increased by 0.09% – 0.13%
- 5-year product rates will be increased by 0.20%.
Helping brokers to support their clients
- Quick answers, fast – Brokers can use Accord’s website to easily find the information they need, including criteria updates.