Application
Minimum Loan Size £25000. Minimum purchase price/valuation £50000.
Maximum LTV – We will lend 75% of the lower of purchase price or valuation per property. For new builds – 65% of the lower of the purchase price or valuation per property.
Homeowners - minimum income level required is £25k total income (including earned income, benefits, bonuses and gross rents from other properties held in applicant’s name.) Joint applications one applicant must earn 25K. Non Homeowners – minimum earned salary of £25K (excluding property-related income)
Total monthly unsecured loan commitments where term remaining exceeds 6 months (include any PCP payments please refer to Advice Hub for additional details).
Total credit card balances remaining after mortgage completion.
E,g. Child Support, private school fees or other dependants’ costs (e.g. expenditure for the care of elderly relatives and/or children such as nursery and child minding fees.
The affordable amount displayed may be affected by the indicated changes, the detail of which we will collect at Decision In Principle/Full Mortgage Application.