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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Second Homes/Holiday homes
Accepted – maximum 80% LTV.
Ok to accept homes for dependant family members.
Self Build
Accepted up to 80% LTV.
70% LTV for larger loans.
Acceptable Construction:
Insulating Concrete Form (ICF)
Modern Methods of Construction (MMC)
Modular & POD Construction
No-Fines
Off site manufactured (MMC)
Potton Homes
Repaired prefabricated reinforced concrete
Steel framed
Structural Insulated Panel Solutions (SIPs)
Thatched Roof
Modern Timber Framed (not acceptable if with timber cladding).
Timber Framed (1900-1970)
Timber Framed (Post 1970), acceptable with masonry skin only
Timber Framed (Pre 1900)
BOPAS accreditation is required for non-standard construction.
Properties considered not habitable would be acceptable under our Self Build range – they would not qualify for our normal products.
Renovations may be accepted on either our Self Build or standard range – the level of works required will determine this. Please contact our Business Development Team.
We can accept applications with shared access.
We can accept multiplot, if the builder owns less than 25% of the site and there are no more than 10 properties/sites within the development.
Self Employed Income
Self Employed income to age 75 or retirement, whichever comes first.
Applicants with a 25% shareholding or more will be classed as self employed.
For limited company owners we will use the higher of Net profit after Tax & salary or salary & dividends.
Income evidence:
- Ltd Co Directors – 2 years tax returns and Accounts.
- Sole Trader – 2 years tax returns
- LLP – 2 years tax returns and Accounts (if available).
Projections can be considered on a case by case basis – Please contact our Business Development Team.
Where there is an increase of <20%, we will use the most recent years figures.
Where there is an increase of >20%, we will use an average of the last 2 years.
Where there is a decline in profit/income, we will use the latest years figures, but referrals are recommended on these cases. Please contact our Business Development Team
Sports Professionals
Each case will be assessed on an individual basis. Please contact our Business Development Team.
Sub Contractors
Accept 100% – treated as Self Employed.
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