This Week's Insights 19/08/2019
Income Multiples and Affordability
Income multiples are being stretched as far as lenders dare, with at least 3 lenders going up to 5.5 times income and up to 8 now going to 5 times income. This is for the right client of course, generally, high income clients and cases with under 75% LTV. Nonetheless, it’s a lot higher than a few years ago! It’s getting increasingly complex now to remember who uses what income multiple and for what client - let MBT take on this job for you!
MBT Affordability Statistic of the Week…
Based on all ‘income of £100k’ cases run through MBT Affordability in the last month, the maximum affordability league table top five was:
2. Scot Widows
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