- 95% products available for house purchases
- Day 1 Valuations on all mortgages
- Max retirement age accepted – age 70
- HTB fee free remortgage product
- Help To Buy – 75% LTV – specific HTB products –
- Property related capital raising up to 90% LTV
- Vendor deposits accepted up to 5% (applicant must always put in a minimum 5% deposit)
- Second properties / Dependant relatives up to 80% LTV
- HMO for experienced landlords, Maximum of 5 letting rooms.
- Self-employed – traded for at least 3 years, we can accept an accountant’s certificate (approved accountants on our website)
- Unsecured commitments being cleared on completion will be ignored providing an explanation is on application form.
- Credit Card balances < 1k ignored when assessing affordability
- Loans < 12months to run ignored when assessing affordability, unless significant in overall income. i.e >10% of annual gross salary.
- Pension deductions on payslips not taken off when assessing affordability
- CCJ’s and Defaults registered longer than 4 years ago and settled on application are ignored. Equifax needs to be updated.
- One CCJ or Default registered within the last 4 years less than £500 and settled within 3 months of being registered.
- Credit Cards / Loans we will accept one missed or late payment in the last 12 months or 2 in the last 3 years.
- Pay Day Loans – can still be considered as long as it was longer than 6 months ago and there were no missed or late payments.
- IVA, Bankruptcy previous property possession order considered if discharged over 6 years ago
- Interest Only Max 50% LTV – if using sale of mortgaged property as repayment vehicle, must be a min of £150k equity in the property. Up to 70 years or stated retirement age (whichever is earliest)
- Part and part mortgages up to 75% LTV – 50% max LTV on interest only, remainder on repayment, sale of property can be used for the I/O element if there will be £150k equity at the end of the term
- BTL Maximum70% LTV / Main applicant must be an existing residential home owner and earn a minimum income of £25k
- Maximum of 8 buy to let properties with mortgages in total portfolio on completion. Gifted deposits can be accepted from immediate family members
- Rental calculation 125% at 5.99%
- BTL products with flat arrangement fees
- Holiday Homes max LTV 70% and main applicant must earn a minimum of £40k
- Call Centre open from 8am to 8pm 7 days a week 0113 225 7889
- Always use our minimum requirement document, NA in boxes, will help to achieve mortgage approvals and avoid requests for further information. Submit ALL minimum requirements together.