Woolwich still offering 5.5 times salary mortgages to Premier Customers
High street banking giant Barclays is offering its Premier Customers up to 5.5 times salary mortgages for a limited period.
Initially its enhanced income multiple offer was due to be withdrawn at 5 pm on 31 December 2015. Although it has been extended until 31 January 2016.
The bank is increasing the maximum income multiple for selected applications from five-times salary to 5.5 times salary. It is also removing the annual bonus cap used for affordability calculations for Premier clients earning more than £150,000.
Aaron Strutt, product manager at Trinity Financial, says: “Many of the high-street banks and building societies will lend between four and five-times salary, they do not regularly offer mortgages over five-times.
“One small building society potentially offering to lend six-times income - although the lender has some rather strict acceptance criteria.”
Specialist underwriting team
Trinity's mortgage advisers have access to Barclays mortgage rates through Woolwich for Intermediaries.
To qualify as a Barclays Premier Customer you will need to earn a basic income of £75,000 or have a combined salary of £100,000. If you do not have a Premier account, you will need to open one before the mortgage application is submitted.
For help to secure a mortgage through Woolwich for Intermediaries, call Trinity on 020 7016 0790.
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