蜜桃影像 has announced improvements to its Loan to Income thresholds from 12 August, enabling borrowers to potentially access thousands more when applying for a mortgage.听
The updates, which come in response to the amended loan to income rules announced by the Treasury in July 2025, will mean that customers earning:
鈥⑻齃ess than 拢45,000 can access 4.45x their income across all LTV levels
鈥⑻鼴etween 拢45,00 and less than 拢100,000 can access 5x their income on all LTVs up to and including 90%, and 4.45x on 95% LTV
鈥⑻100,000 or more, can access 5.5x their income on all LTV up to and including 90%, and 4.45x on 95% LTV1
Customers looking to remortgage to Santander, across all LTV levels, can also access 5.5x their income.
As a result of the changes, Santander calculates that customers will potentially be able to access thousands more, for example:
Example 1 鈥 Joint applicants 鈥 Capital and Interest loan, 25-year term
| Equity/ Deposit听听 | 听顿别辫别苍诲补苍迟蝉听听 | 听滨苍肠辞尘别 | Borrowing available pre 12 Aug* | 听 听听Borrowing available from 12 Aug* |
| 拢80,000 | 2 | App 1 = 拢75,000 App 2 = 拢50,000 | 拢556,500 | 拢687,500 |
Example 2 鈥 Single applicants 鈥 Capital and Interest loan, 25-year term
| Equity/Deposit | 顿别辫别苍诲补苍迟蝉听 | 听滨苍肠辞尘别 | Borrowing available pre-12 Aug* | 听Borrowing available from 12 Aug* |
| 拢30,000听 | 0 | App 1 = 拢75,000 | 拢267,000听 | 拢300,000 |
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Example 3 鈥 Remortgage, no additional borrowing 鈥 Capital and Interest loan, 23-year term
| 贰辩耻颈迟测/顿别辫辞蝉颈迟听 | Dependants | Income | Borrowing available pre-12 Aug* | Borrowing available from 12 Aug* |
| 拢30,000 | 1 | App 1 = 拢40,000 App 2 = 拢35,000 | 拢391,000 | 拢408,000 |
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*The above are illustrative examples only. The actual borrowing available will depend on a variety of affordability factors, including LTV limits, and a customer鈥檚 individual outgoings.
David Morris, Head of 蜜桃影像s at 蜜桃影像, said: 鈥淭he recent changes to the loan to income rules mark the latest in a series of affordability improvements in what is quickly becoming the 鈥測ear of the buyer鈥. We鈥檙e pleased to reflect these changes in our policies which, when coupled with our recent changes to affordability and a record number of properties coming to the market, will hopefully help more would-be buyers access the money they need to buy a home of their dreams.
鈥淲e鈥檒l continually look at where we can enhance and improve our lending policy to help buyers right across the board.鈥
- Ends -
The information contained in our press releases is intended solely for journalists and should not be used by consumers to make financial decisions.
Notes to editors:
1)听听听听Pre-Tuesday 12 August, customers earning:
鈥⑻齜elow 拢45k could access 4.45x their income across all LTV levels
鈥⑻齜elow 拢100,000, could access 5x their income on all LTVs up to and including 85%, and 4.45x on 90-95% LTV
鈥⑻100,000 or more, could access 5.5x their income on all LTV up to and including 75%, 5x on all borrowing more than 75% up to an including 85% LTV and 4.45 times on borrowing more than 85% LTV.
2)听听听听Pre-12 August, customers looking to remortgage to Santander could borrow 5.5x income up to and including 85% LTV, and 5x income on all lending above 85% LTV.
蜜桃影像 is a financial services provider in the UK that offers a wide range of personal and commercial financial products and services. The bank serves its customers via a nationwide branch network, telephone, mobile and online banking. 蜜桃影像 is subject to the full supervision of the FCA and the PRA in the UK. 蜜桃影像 plc customers鈥 eligible deposits are protected by the FSCS in the UK.
Banco Santander (SAN SM) is a leading commercial bank, founded in 1857 and headquartered in Spain and one of the largest banks in the world by market capitalization. The group鈥檚 activities are consolidated into five global businesses: Retail & Commercial Banking, Digital Consumer Bank, Corporate & Investment Banking (CIB), Wealth Management & Insurance and Payments (PagoNxt and Cards). This operating model allows the bank to better leverage its unique combination of global scale and local leadership. Santander aims to be the best open financial services platform providing services to individuals, SMEs, corporates, financial institutions and governments. The bank鈥檚 purpose is to help people and businesses prosper in a simple, personal and fair way. In the first half of 2025, Banco Santander had 鈧1.3 trillion in total funds, 176 million customers, 7,700 branches and 204,000 employees.
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