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Evening Standard

Vicky Shaw

Banks will offer first-time buyers ‘more firepower’ to get on property ladder

HSBC UK First Direct HSBC United Kingdom

HSBC UK has announced a new loan-to-income multiple of up to 5.5 times salary for first-time buyers (Charlotte Ball/PA) - (PA Archive)

First-time buyers may potentially be able to borrow more, after changes to some banks’ mortgage lending policies.

HSBC UK has announced a new, bigger loan-to-income (LTI) multiple cap of up to 5.5 times salary for first-time buyers.

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