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:
1. Halifax
2. Scot Widows
3. Accord
4. Santander

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Thank you

Mr Affordability

Lewis Lenssen