We’re currently working on our BTL calculator in light of our recent criteria changes. We hope to have this back up and running soon but if you need any help in the meantime, please contact your BDM or the Helpdesk on 0330 123 1073.

Lending criteria updates? You got it!

Written by Ipswich Building Society

6 Aug 2021


Criteria update

2 min read

We’ve made significant updates to our lending criteria, allowing us to better serve your clients. But that’s enough small talk – let’s get onto the good stuff!

Headline changes

Later life: using pension asset as income

More flexibility when using SIPP and pension funds for affordability assessments and income multiples – for applicants over 55, we’ll divide 80% fund value of a SIPP/pension fund that isn’t being drawn by the mortgage term and use the resulting figure in our calculations. We’ll have to see a recent statement showing the value. 

Self build: day one remortgage

We can now accept an application within 6 months, if your client shows as the land owner on the Land Registry prior to application.

Additional changes 

Self employed

  • Now accepted up to 90% LTV.
  • Government Support Loans accepted if no loans taken in 2021 and can evidence it has not been utilised (monies remained in account).
  • For accounts covering 2020 (or April 2021 Tax Calcs) we can use the latest figure if the increase has been less than 20% (if above 20% or accounts do not cover this period then an average of the latest 2 years will be used).
  • Self Employed Grants accepted if no grants taken in 2021.
  • Day rate contractors up to 80% LTV, click here for more info & search contractor.


  • No payment holidays within the last 3 months.
  • Applicants on Furlough no longer accepted.
  • 50% of bonus/overtime/commission used. 100% if guaranteed (contract to evidence).
  • Consolidating a 2nd charge.
  • Debt consolidation up to 75% LTV.

For full details of our lending criteria see our residential and buy to let criteria pages, with a super simple search function.

Got a case in mind? Give us a call on 0330 123 1073.

This article was published under our previous name of Ipswich Building Society. We changed our name in 2021 – get in touch if you have any questions.

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