With effect from, Monday 4th April, we will be making the following changes to our
residential lending policy:
Interest Only
We are reducing the sole applicant minimum income criteria for Interest Only applications
from £100,000 to £75,000 per annum. For joint applications, at least one applicant must
continue to meet the sole applicant minimum income criteria. Please note, minimum
income excludes bonuses, commission, overtime and rental income.
Loan to Income (LTI)
We will be changing our joint income threshold criteria for applications with an LTV less
than or equal to 90% from £40,000 to £50,000.
| LTV | Joint income | Max. income multiples |
| <=90% | <£50,000 | 4.49x |
| >=£50,000 to <£100,000 | 4.75x | |
| >=£100,000 | 5.50x | |
| >90% | All incomes | 4.49x |
Our Broker website will be updated shortly to reflect the above changes.
Further information
Chat with us or call our Broker Support Team on 0345 600 5847 (Monday to Friday,
9am to 5pm).
