Halifax boosts income multiple to 5.5 times salary
From Thursday 21 October, the Halifax will be changing some of the loan to income (LTI) limits applied to its affordability calculations. Where income is >£75,000 and LTV<=75%, for loans up to £1m, the max LTI is being increased from 5.00x to 5.50x.
Below is some snap reaction from brokers around the UK…