With effect from Friday 27 May, we're changing our income multiple cap for all sole applications above 85% LTV. A new lower cap of 4.5x Gross Disposable Income (GDI) will be implemented. For all other applications, our current policy of 4.75x GDI remains unchanged. Read our updated Income Criteria.
- Current policy will continue to apply to cases with a Decision in Principle (DIP) before Friday 27 May, even if a reprocess takes place on or after Friday 27 May.
- New policy will apply to all cases where a DIP is first obtained from Friday 27 May.
You can reserve current policy through NFI Online or NFI MTE until 5pm Thursday 26 May. DIPs for paper applications must be keyed on Thursday 26 May, and faxed to 01604 852 879 before 5pm.