Santander for Intermediaries has announced changes to its loan-to-income (LTI) ratios for its affordability calculator, which came into effect on 14 February. For those with a combined income of less than £45,000, the LTI is now 4.45x income on both capital and interest and interest-only products.

For those with a combined income of £45,000 to £99,999 and looking for a capital and interest mortgage, The LTI for a mortgage up to 85% LTV is 5.00x income. Meanwhile, for borrowers with incomes of over £100,000 the maximum LTI on capital and interest mortgages is set at 5.50x income, and for interest-only mortgages at 5.00x income.

The lender also said that for remortgages without capital raising the maximum LTI is 5.50x income. These changes come alongside Santander for Intermediaries’ new residential and buy-to-let intermediary exclusives launched earlier in January, which have lower rates with a higher product fee. Santander for Intermediaries is committed to providing its customers with competitive borrowing options and these updates reflect their commitment to helping people get the best mortgage deal that works for them.

Santander for Intermediaries is making sure that customers have clear information about loan-to-income ratios, so they can make informed decisions about the mortgage that’s right for them. With these changes to the LTI, borrowers now have an even better chance of finding mortgages that are affordable and sustainable.

Santander for Intermediaries understands that finding the right mortgage is an important decision, and that's why they are committed to providing their customers with competitive borrowing options. These updates to the LTI ratios reflect their commitment to helping people get the right deal that’s right for them. With these changes, borrowers now have an even better chance of finding mortgages that are affordable and sustainable.