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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Employed Income
Manual Roles taken to age 70 or retirement, whichever comes first.
Non-Manual roles taken to age 75 or retirement, whichever comes first.
We accept 50% of the following incomes (if guaranteed, we will take 100%):
- Earned income (manual) to age 70 or retirement, whichever is earlier.
- Overtime
- Commission
- Bonus
- 50% of Second Job (with 6 months track record).
We accept 100% of the following allowances:
- Employers housing allowance
- Employers Mortgage Subsidy
- Large Town Allowance/London Weighting
- Car allowance
We can accept 100% if there is an 18 month track record for the following;
- Shift Allowance
- Bank Income
Employed by Family – Acceptable but income will need verifying by a qualified Accountant.
Maternity/Parental Leave – We can accept as long as the employer confirms in writing the applicants return to work date and salary.
EU Nationals with Pre-Settled Status
Maximum 80% LTV.
We can potentially lend to EU, EEA (Including Iceland, Norway and Liechtenstein) and Swiss citizens if clients can evidence that they have successfully applied for pre-settled status.
Must have been in the UK for 2 years.
Must have valid UK work permit/visa, with 2 years remaining.
Must work in one of the following sectors Education, Healthcare, Finance & Banking, IT, Legal, Marketing Professionals, Science Research &
Development, Energy Sector and Construction Industry Professionals (Not Trades) e.g. Architects.
Expats
Maximum 90% LTV for residential.
Maximum 80% LTV for BTL & Holiday Let.
We can accept residential and regulated BTL applications for Expats.
Acceptable currencies – Sterling, Euro, Swiss Franc, Norwegian Krone, US Dollar, Canadian Dollar, Singapore Dollar, Hong Kong Dollar, UAE Dirham, Kuwaiti Dinar, Qatari Riyal, Australian Dollar, New Zealand Dollar, Danish Krone, Swedish Krona, Saudi Riyal.
If your client is not paid in sterling, we will convert the customer’s income to sterling and then take a 20% haircut before putting this amount into the affordability calculator (where tax and NI will be deducted). Minimum income is £40,000, or equivalent to.
A non-UK national can be on the application provided the case fits policy and affordability using the UK national’s income and details.
We are unable to lend to countries that are sanctioned or war-torn/in conflict currently.
Self employed Expats are not accepted.
We can accept current expat applicants returning to the UK – please refer cases to our Business Development Team.
How to do business with us.
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