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Barclays update their Income Multiples for Residential Lending

04 September 2017

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Barclays have reviewed their lending criteria and made the following amendments to their income multiples for residential lending. 

Applications will now require an income of £55,000 or more (sole or joint) to qualify for a 5.00x income multiple. This replaces the previous £45,000 income threshold. 

Here are the details

Barclays Income Multiples 040917  

Please note the following multiples apply for specialist schemes: 

  1. Family Springboard - a maximum multiple of 5.5x applies for incomes above £50,000. 
  2. Premier and Wealth customers - up to a maximum multiple of 5.5x applies for repayment loans. This is subject to current Premier lending policy guidelines. 
  3. Help to Buy Schemes - a maximum multiple of 4.49x applies

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