Skipton enhances its own lending criteria to boost affordability whilst also urging a reform of the 15% LTI cap

Skipton, YBS and Nationwide address chair of FPC on loan to income limits – Mortgage Finance Gazette

Chief executives from three UK lenders have written to the chair of the Treasury Select Committee to emphasise the need for the Bank of England to raise the loan to income (LTI) flow limit. The chief executives of Skipton Group, Yorkshire Building Society and Nationwide… The post Skipton, YBS and Nationwide address chair of FPC on loan to income limits appeared first on Mortgage Finance Gazette.

Lenders write to FPC re loan to income cap as Skipton improves lending criteria – Mortgage Strategy

Chief executives from three UK lenders have written to the chair of the Treasury Select Committee to emphasise the need for the Bank of England to raise the loan to income (LTI) flow limit. The chief executives of Skipton Group, Yorkshire Building Society and Nationwide have jointly written to the BOE’s Financial Policy Committee chair Dame Meg Hillier MP in hopes of raising the LTI from it’s current rate of 15%, which limits how much more mortg…

Skipton enhances lending criteria as it calls for 15% LTI cap reform

Skipton Group has reinforced its call for an increase to the Bank of England Financial Policy Committee’s 15% loan-to-income (LTI) flow limit. Following a session with the Treasury Select Committee, Skipton Group’s chief executive Stuart Haire along with CEOs from Yorkshire Building Society and Nationwide have jointly written to Dame Meg Hillier MP, chair of the committee to underline the need to raise the Bank of England Financial Policy Commit…

Skipton enhances its own lending criteria to boost affordability whilst also urging a reform of the 15% LTI cap