Barclays improves loan to income lending levels.

Barclays has announced that after a recent review of its lending policy, it has taken the decision to improve accepted loan to income levels.

The threshold at which the lender's 5 times income multiple cap applies has been reduced.

The change now means that for lending above £200,000, applicants can now apply for a mortgage 5 times their income. This is a £100,000 improvement on the £300,000 level previously applied.

The lender advises that all other income multiple limits remain unchanged and that the highest income multiple for lending below £200,000 is set at 4.49 times income.

On applications for deals where the loan to value level is above 85% and the applicant's income is more than £50,000, the maximum loan to income limit 4.49 times. This drops to 4 times where applicant's income falls below £50,000.

For borrowers wishing to apply for a Help to Buy or Family Springboard deal LTI is set at 4 times.

All applications will be assessed according to the lender's usual affordability requirements.

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