We just wanted to update you on some more positive changes we have made to our lending criteria.
Don’t forget, our 90% LTV residential products are available to support your customers (please see our Product Guide for full terms and conditions).
So what’s changed?
- Bonus/Commission/Overtime – 50% of cash bonus/commission/overtime from the last year will now be used in the affordability assessment. As evidence, we will require last years P60’s
- Investment income – We have reduced the minimum portfolio value required for investment income from £1m to £250,000
For full details on the points above, please refer to our property details/purpose section in our Mortgage Lending Criteria Guide.
Contact us
Our BDM Team are here and available to help with new and existing case queries, packaging requirements and affordability assessments. Please get in touch with your BDM or call our Broker helpdesk on 020 3427 1019. Find your nearest BDM here.
