• Up to 95% LTV for purchases and 90% for remortgages (subject to property)
• Gross pay is calculated as daily rate x 5 x 48
• Minimum contract length is 6 months so they must be in their 7th month of the contract (paid through umbrella company or PAYE included)
• Self employed under a year will be accepted in their 7th month of the contract (subject to 6m business bank statements which match invoicing and supporting docs)

BBS would want to see the individual had been in an established role and same nature of business as a track record

Buckinghamshire Building Society introduces new criteria for interest only mortgages

We are now viewing interest only in a slightly different way when downsizing is being used as the repayment strategy.

Please note that we can consider part interest only and part repayment where required to help with affordability.

www.bucksbs.co.uk

Created for all AR’s of The Right Mortgage Limited August 2016