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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Financial Associates with Adverse
We will not accept applicants that are financially associated with persons that have adverse credit.
First Time Buyers
First Time Landlords
We can potentially accept Buy to Let applications from ‘First Time Landlords’.
Flat/Maisonette Maximum LTV (New Build)
We can accept applications up to 75% LTV for new build flats throughout England and Wales.
Flat/Maisonette Maximum LTV (Standard)
We are able to accept flats/maisonettes up to 80% LTV. Leasehold only.
Flying Freehold: Maximum acceptable percentage of the gross floor area
We do not lend on properties with a flying freehold on a BTL basis
Foreign Nationals (Living Overseas)
We will not consider Buy to Let applications for foreign nationals (living overseas)
Foreign Nationals (with indefinite leave to remain)
We are able to accept application from Foreign Nationals (with indefinite leave to remain)
Foreign Nationals (WITHOUT indefinite leave to remain)
We can consider Non-UK Nationals at a maximum LTV 80%. Your applicant must have been a resident in the UK for a minimum of two years (evidenced through passport stamp or other immigration documentation), have a valid UK work permit/visa (with at least 2 years left to run until expiry) and have been working in the UK for a minimum of 2 years, employed applicants only and subject to UK tax, and hold a UK Current Account. Because of the potential short term nature of residency, non-UK nationals will be assessed on an individual basis, the applicant(s) should be of professional standing and working in one of the following sectors – Education, Healthcare, Finance & Banking, IT or Legal. Applicants must have a minimum deposit of 20% (Gifted deposits are not acceptable). Consideration will be given to employment type and potential length of stay within the UK. Please contact the Business Development Team before submitting a case where an applicant does not have indefinite leave to remain to guide you through the application process. For EU, EEA (Including Iceland, Norway and Liechtenstein) and Swiss citizens, evidence that they have successfully applied for pre-settled will be accepted. This will be evidenced online. The applicant should be able to supply the Society with a share code and a link to the relevant web page to confirm their immigration status. Irish citizens do not need a residence document as they have the right to reside and applications from Irish Nationals should be assessed on normal underwriting terms. Where the applicant has been granted permanent rights to reside or Settled status (with permanent Leave to Remain) these are acceptable under our normal Underwriting Criteria – a copy of their passport confirming their permanent status or a letter from the Home Office should be retained on the mortgage file.
Full Time Landlord
We do not accept applications from ‘Full Time Landlords’.
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