Our lending criteria can be layered together to create the
perfect solution for your mortgage customers.
The customer
- First-time buyers who need help from their parents
- Older borrowers who need the support of a family member to stay living in their own home
- Close family members helping another on the property ladder or purchase buy to let property
- Separating couples where one partner wants to buy out the other
The solution
- Up to 95% LTV (New Build up to 90% LTV on houses and flats)
- Up to four applicants on the mortgage, with a minimum of one applicant on the property deeds
- Income can be accepted from up to 4 applicants at full income multiples, subject to affordability
- Maximum age 80 considered (mortgage term based on the oldest applicant)
- Gifted deposit from an immediate family relative can be accepted
- Interest only and repayment options available (maximum LTVs apply)
- 60% Bonus/Commission/Overtime from the last years’ P60
- Self-employed: Profit before taxation plus Directors remuneration used if 100% of Ltd company shareholders are on the application
- Contractor: Daily rate x 5 x 46, no minimum contract value, all industries accepted, no more than six weeks of gaps, umbrella companies accepted
- Investment income: Accepted at 5% of fund value over a maximum term of 20 years – subject to a minimum managed portfolio value of £250,000
For full details, please refer to our Mortgage Lending Criteria Guide and Product Guides.
