Lending criteria.
We can help with all types of cases, so check our lending criteria for the latest guidelines.
Our criteria is split into residential and buy to let, so use the options below to find the criteria you need.
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Back to Back Transactions
Property must have been owned for 6 months before we can accept a remortgage application.
Bankruptcy
Must have been discharged for more than 3 years. Maximum 75% LTV. No further court orders must have been registered
Basement Flats
We can potentially lend on a basement flat. Please refer the property to our Business Development Team. Maximum of 5 storeys, including the basement flat.
BTL ICR Calculation
For non UK taxpayers then 125% of the stressed mortgage payment will be used (either the pay rate + 2% (Min 5.5%) or the 5 year rate).
For basic rate taxpayers then 125% of the stressed mortgage payment (either the pay rate + 2% (Min 5.5%) or the 5 year rate).
For higher or additional rate taxpayers then 145% of the stressed mortgage payment (either the pay rate + 2% (Min 5.5%) or the 5 year rate).
If joint application, we use the worst case scenario.
How to do business with us.
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