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Platform increases maximum LTI ratio to 4.85

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Platform is now allowing some customers to borrow up to 4.85 times income, up from its previous flat rate of 4.49.

The Co-operative Bank’s intermediary arm will lend more to applicants where LTV is less than or equal to 80 per cent including any fees added to the  loan, subject to minimum disposable income.

The loan-to-income multiple of 4.49 will continue to apply to all other residential mortgages that do not meet the criteria.

Platform head Paul Norcott says: “We’re  pleased  to  be  able  to  offer this increased loan-to-income ratio to our brokers,  helping  them  to  find  the best deal for their clients.

“We have included eligibility criteria for this more favourable loan to income ratio to  ensure  that  we’re  still  maintaining a responsible stance on lending options.”

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Jelf Employee Benefits looks at the issue of paying anaesthetist fees when the patient had no chance to discuss or agree to them prior to care; and provides recommendations for avoiding this scenario.

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