From 14 October 2026, the PRA is publishing the aggregate high LTI flowfootnote [1] figure – the share of new regulated mortgage contractsfootnote [2] at LTIs at or greater than 4.5 times income.footnote [3] As set out in SS2/26 – High loan to income lending, this figure will be published each quarter, to inform firms’ high LTI planning. To ensure that the aggregate flow remains consistent with the 15% limit, as per the FPC recommendation, there may be instances where the PRA and FCA (collectively, ‘the regulators’) expect firms to gradually reduce their high LTI flow towards 15%.
Adjustment expectations
The regulators have not set any current expectations on firms to reduce their high LTI flow.
The latest measures
Chart 1: Quarterly aggregate high LTI flow
Footnotes
- Notes: This chart shows aggregate high LTI lending on a single-quarter basis for all firms and mortgages in scope of the policy over the last four quarters. Only mortgages originated by firms above the ‘de minimis’ threshold are included in this calculation.
- Sources: FCA Product Sales Database (PSD) and Bank calculations.
Table 1: Aggregate quarterly LTI flow and mortgage share
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 |
Mortgages at high LTI as a share of mortgages in scope of LTI policy | 9.7% | 11.5% | 12.9% | 14.1% |
Volume of mortgages at high LTI | 21,910 | 26,790 | 25,600 | 29,240 |
Volume of mortgages in scope of LTI policy | 226,330 | 233,590 | 199,210 | 208,090 |
Volume of all regulated mortgages* | 800,760 | 751,280 | 711,650 | 746,200 |
In-scope mortgages as a share of all regulated mortgages | 28% | 31% | 28% | 28% |
Footnotes
- Notes: Volumes have been rounded to the nearest 10 mortgages.
- *This data includes all regulated mortgage sales, including, for example, mortgages for house purchase, as well as remortgages, as reported in FCA Product Sales Data.
The figures reported within this publication are based on submitted data as of the time of publication and apply from 28 October when the policy comes into effect. The PRA will publish the aggregate flow of high LTI on its website alongside supporting information for 2026 Q3 in 2026 Q4. Firms are responsible for submitting complete and accurate data. Data are subject to revision if and when new information becomes available. For more information on revisions practices see further details about revisions.
Defined as the percentage of regulated mortgage contracts entered into in a given period that are ‘high LTI mortgage contracts'. High LTI and ‘regulated mortgage contracts’ are defined in the Housing Part of the PRA Rulebook.
The definition of ‘regulated mortgage contracts’ excludes buy-to-let mortgages, second charge mortgages, further advances, lifetime mortgages, retirement interest only mortgages, and re-mortgages with no change to the principle sum outstanding.
High LTI mortgage contract is defined in the Housing Part of the PRA Rulebook as, 'a regulated mortgage contract under which the credit provided by a firm to an individual, or to individuals jointly, is or exceeds a multiple of 4.5 times the individual’s income, or the individuals’ joint income, at the time at which that income is assessed by the firm for the purpose of entering into the regulated mortgage contract.'