What income do we accept?

Our minimum income for both Older Borrowers and RIO mortgages is £17,500, with a maximum multiplier of 4.5x (joint or single) and is subject to the loan being affordable.
  • Pension income: can be considered and evidence of this income must be provided by payslip/ annual statement.
  • Income from property/ investments: can be accepted if evidenced through SA302’s or accounts.
  • Earned income: can be considered for our Older Borrower range only up to age 75 if evidence with payslips and P60.
Here’s the difference between the two product ranges:
What are the income requirements?
  • Minimum income £17,500
  • Each applicant must be able to demonstrate the loan is affordable during the term
  • Income from property and investments considered
More on RIO
What are the income requirements?
  • Minimum income £17,500
  • Each applicant must be able to demonstrate the loan is affordable during the term
  • Income from property and investments considered
More on older borrowers

Agreement in Principle Service

Depending on your clients circumstances we may limit the amount of property/ investment income we would be prepared to consider to support the mortgage.

Where income is not straightforward we ask that you submit an Agreement in Principle so we’re able to assess affordability and provide you with an ‘in principle’ lending decision ahead of an application being submitted.

For more information, get in touch with our Intermediary Support Team on 01282 440583 or click here to visit our website or get in touch with your BDM.