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Income Multiples Changes from Barclays

03 July 2017

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Barclays have reviewed their lending criteria and made some changes to their income multiples for residential lending. 

Applications will now require an income of £45,000 or more (sole or joint) to qualify for a 5.00x income multiple. This replaces the minimum loan requirement of £175,000. 

The table below gives you an overview of the income multiples criteria:

Barclays Income Multiple Changes  

Some specialist schemes will have different income multiples: 

  • Family Springboard - a maximum multiple of 5.5x applies for incomes above £50,000.(4.00x multiple for incomes less than £50,000).
  • Premier and Wealth customers  - a maximum multiple of 5.5x applies for repayment loans - this is subject to current Premier lending policy guidelines.
  • Help to Buy Schemes - a maximum multiple of 4.49x applies. 

For more details visit their website.


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