NatWest lowered its LTI maximums for mortgage applications under 85% LTV to 4.45 times income just last month.
No changes are being made to the LTI maximum for mortgages above 85% LTV.
In a statement, NatWest said:
"NatWest uses a number of measures in assessing customers’ affordability through its popular online affordability calculator with the loan to income amount being one of them. The loan to income changes will be incorporated into the online affordability calculator and applied automatically so there is nothing extra that brokers need to do.
"All applications submitted by close of play on Monday 23 November will be assessed on the previous loan to income maximums with all new business submitted from Tuesday 24 November being assessed on the new loan to income basis."
