Loughborough extends 5.5 x income to 95% LTV – Mortgage Strategy

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Loughborough extends 5.5 x income to 95% LTV – Mortgage Strategy

Loughborough Building Society has increased the loan-to-value (LTV) on its 5.5x income multiple calculation from 85% to 95% LTV for borrowers who meet its affordability requirements. The criteria change is designed to boost borrowing potential, particularly for self-employed individuals who may benefit from using their last year’s accounts, as well as higher-income applicants seeking more flexibility in their mortgage options. Additionally, the …