We are pleased to announce that we can now consider applications with family gifted equity.

Highlights include:

  • Gifted equity from parents, grandparents, siblings, aunts and uncles accepted (including step and adopted relationships)*
  • Maximum LTV 75%
  • Available on product tiers 1-6.
  • LTV assessed on property valuation**

*ID verification of all registered proprietors will be conducted at underwriting using the donor verification form.

**Audit valuations are required for property valuations of £350,000 and above.  Audit valuations are completed at no additional charge to the applicants.  

Contractors

We can now consider an income calculation for a contract worker up to a maximum of weekly rate x 48.

This applies to existing and new contractors, subject to criteria.

Contractor highlights:

  • Current contract must be for at least 6 months
  • Available in Tiers 1-6
  • Income calculated as £weekly rate x 48 weeks (maximum)
  • Existing contractors considered
    • Must have been contracting for a minimum of 12 months
    • Maximum 85% LTV
  • New contractors considered
    • Must have been contracting for a minimum of 3 months
    • Previous experience in a similar role for a minimum period of 12 months
    • Maximum 75% LTV

A copy of the current contract will be required.

Payslips and/or invoices supporting the contract, and bank statements are required to evidence income.