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Barclays loosens LTI criteria

Barclays has once again loosened its LTI criteria by reducing the threshold at which its 5 times income multiple cap applies.

In March, the lender increased its maximum LTI for loans over £300,000 to 5 times income. Then, in June, it applied the higher LTI cap to loans of £200,000 or over. Now it applies to loans of £175,000 or over. 

Barclays director of mortgage products Craig Calder says: “We’re making these changes because we want to extend the opportunity for more people to become homeowners. 

“We understand that first time buyers in particular have a unique set of challenges and know that this will widen opportunities for them to get onto the property ladder – as we continue to lend in a responsible way.”


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Tyrie demands MPC code of conduct overhaul

Treasury select committee chairman Andrew Tyrie has written to the Bank of England to demand a review of its code of conduct for monetary policy committee members. In a letter to Bank governor Mark Carney today, Tyrie says the appointment of Gertjan Vlieghe to the committee suggested the need for an overhaul. Vlieghe was appointed […]


Analysis: Get prepared for remortgage boom

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Remortgage loans surge by 34%

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Absence management systems gone AWOL from UK’s SMEs, reports Jelf

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