Halifax is changing some of the loan to income limits in its affordability calculations as of today.

The less than £25,000 income tier, which allows for up to 4.49 times loan to income, has been extended to incomes of less than £30,000.

The lender is also making a temporary change to applications with any element of self-employed income, these will now be subject to a maximum LTI of 4.49.

Halifax says the change gives it short term flexibility on products and service levels and that the move will be regularly reviewed.

The above changes apply to all new applications started from 7 January and do not apply to any applications started before this date.

The Halifax Intermediaries website affordability calculator will include a new question: ‘Does any applicant have any self-employed income?’ to ensure the correct LTI is applied to the affordability result.

No other LTI limits are being changed.