Change to our income multiple cap

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.

Pipeline applications

  • 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.

Help and Support

If you have any questions regarding this change, please contact your BDM or your regional Dedicated Broker Support team through Broker Chat or on 0800 545 3131.