Principality Intermediaries provides an income boost for first time buyers

Principality’s first time buyer research has shown that first-time buyers are selecting a range of different strategies as they look for ways to secure their first home.

As a response to first time buyers need for an income boost and broker feedback on ways to improve affordability, Principality Intermediaries has launched a new higher loan-to-income for first-time buyers.

Limited Edition: First-time buyer loan-to-income overview

•    Exclusive to brokers
•    Up to 5.5x LTI*
•    Available for standard fixed rate residential products
•    Employed income only
•    Applicants must have an income of £30,000 individually or £50,000 combined
•    100% 2nd income and overtime accepted
•    Available for FTBs only

*Subject to affordability checks.

A word from our National Account Manager, Helen Lewis

“Our first-time buyer research shows us that this is a diverse group and can be at different stages in their life, have different levels of family support and differing degrees of financial confidence. This enhanced loan-to -income is one of a wide range of solutions we will be showcasing to provide a boost for first-time buyers.”

For information on how Principality Intermediaries can help support you get in touch with your local BDM or contact our broker support team on 0330 333 4021.