03 July 2017
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:
Some specialist schemes will have different income multiples:
For more details visit their website.