On Thursday 26 May, following the new lending policy in April, we can now confirm that we’re increasing our LTV for self-employed applicants from 75% to 90%. Existing Santander mortgage customers moving home will continue to be able to borrow up to 95% LTV.

Our affordability calculator will be updated to reflect this change so please use this calculator on our website to make sure you get an accurate reflection of what we can lend your clients.

Limited company directors

Please remember, for limited company directors:

·     We only accept an accountant’s certificate – not tax calculations (SA302s) and TYOs.

·     Use the business year-end salary and dividends for income assessment from the accountant’s certificate (not tax year-end figures).

·     Use the income from an accountant’s certificate in the affordability calculator before submitting an AIP or FMA, to make sure you use the correct income and net pay figures.

How are we supporting the change?

This change will be reflected in our affordability calculator and on our website.

All full mortgage applications (FMAs) submitted on Introducer Internet from 6am on Thursday 26 May will be assessed using the higher LTV.