Published 17 January 2015 · Last reviewed 1 May 2026

This message only relates to applicants with less than 20% deposits with Woolwich who will see there income multiples reduced.

Woolwich are the latest lender to succumb market pressures and have reduced their loan-to-income ratio to a maximum of 4.5 times for mortgages with 20% or less deposit/equity.

Agreed Decisions-in-Principles need to go application within 25 days (of the decision date). Cases already submitted (i.e. full applications) are fine unless there is a material change such as a new property.

In general terms, this means the maximum any lender will now offer in the whole UK mortgage market is 5 times income for loans 80% or above. We should be able to obtain higher income multiples for cases where the deposit is greater than 20%, but please do call us discuss your own individual circumstances fully.