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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Family assist 100% mortgages
Indicates if we can potentially consider Family assist 100% mortgages
We will not consider Family assist 100% mortgages
Financial Associates with Adverse
Indicates if we can potentially accept residential applications from an applicant who is financially associated with someone who has adverse credit.
We will not accept applicants that are financially associated with persons that have adverse credit.
First Home Fund (Shared Equity Scheme – Scotland Only)
Indicates if we can accept an application on the First Home Fund shared equity scheme
We are unable to accept applications on the First Home Fund shared equity scheme
Flat/Maisonette Maximum LTV (New Build)
Indicates the maximum potential loan to value (LTV) we can accept where the property type is a NEW BUILD flat or NEW BUILD maisonette.
We can accept applications up to 75% LTV. For New Build flats we lend up to 75% LTV in Suffolk, Norfolk, Essex, Cambs, Herts and London.
Flat/Maisonette Maximum LTV (Standard)
Indicates the maximum potential loan to value (LTV) we can accept where the property type is a flat or maisonette and it is NOT considered a new build.
We accept up to 95% LTV on flats and maisonettes (75% for new build) New build flats are capped at 75% and area restricted: Suffolk, Norfolk, Essex, Cambridgeshire, Hertfordshire and London. Leasehold only
Flying Freehold: Maximum acceptable percentage of the gross floor area
Indicates the maximum percentage of gross floor area the flying freehold part covers that can be considered by us
We may be able to consider properties with Flying Freeholds that have less than 25% of the total gross floor area of the proposed security. Please contact the Business Development Team to discuss further
Foreign Nationals (Living Overseas)
Indicates if we can potentially consider applications from foreign nationals living overseas who wish to obtain a residential mortgage here in the UK. For example, a Chinese applicant who does not live or work in the UK who wants to purchase property here in the UK on a residential basis as he wants a residence in the UK (perhaps for his family to reside).
Suffolk Building Society does not lend to Foreign Nationals living overseas.
Foreign Nationals (with indefinite leave to remain)
Indicates if we are potentially able to accept applications from foreign nationals that DO HAVE indefinite leave to remain.
We are able to accept application from Foreign Nationals (with indefinite leave to remain) on standard criteria and products
Foreign Nationals (WITHOUT indefinite leave to remain)
Indicates if we are potentially able to accept applications from foreign nationals that DO NOT have indefinite leave to remain.
- 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)
- Been working in the UK for a minimum of 2 years
- Employed applicants only and subject to UK tax
- Hold a UK Current Account.
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