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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Debt Management Plans
Must have been satisfied for 3 years. Maximum 75% LTV.
Debt Relief Order (DRO)
Up to 75% LTV. Must have been satisfied 3 years.
Debt to Income Ratio
We do not have a debt to income ratio – we’d recommend referring to our Business Development Team where debts outweigh income on an application.
Debts Being Repaid
We will ignore debts that are being repaid.
Debts with Less than 6m Remaining
We will ignore debts that have less than 6 months remaining.
Deductions
We will ignore additional voluntary pension contributions, charitable donations, company pension payments, sharesave scheme.
We will deduct childcare vouchers, maintenance payments, school fees, private healthcare, student loan payments.
Defaults
We can ignore defaults that have been satisfied for more than 12 months.
Please refer details to our helpdesk on cases with: more than 1 default or defaults over £1,000 up to 80% LTV and over £500 above 80% LTV.
Deposits
Forces Help to Buy – accepted.
Gifted deposit – accepted up to 100%*.
*Gifts must be from a close family member (parent, grandparent, son, daughter, brother or sister).
*Gifted deposits of only 5% will require the client to contribute a minimum of 5% themselves, or have a 12 month rental history.
*Please note: Gifted deposits are not acceptable on Expat or Foreign National applications.
Loan repayable on Sale of Property – acceptable in divorce cases – Please contact our Business Development Team.
Raising funds on another property – acceptable (will be included in affordability).
How to do business with us.
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