It may be April Fools Day, but we're not fooling around... We've gone live today with some new lending criteria changes and re-launched some fixed-rate products today.
Criteria changes:
- We've updated our affordability and income multiple criteria across both standard residential and Shared Ownership mortgage lending. Full details here.
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A maximum of 100% of additional earnings (overtime, bonuses and commission) can be added to basic salary, subject to:
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2 years employment history with the same employer
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Consideration will be given to the type of employment and levels of additional income
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Minimum income for holiday let lending is reduced to £30,000 from £50,000
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Maximum number of storeys increased from 6 to 8 for Shared Ownership.
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Maximum ground rent changed from 0.1% of property value to £500.
See all criteria here.
New fixed rate products from 1 April 2026
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Existing Borrower 3-year fixed rate to 29 April 2029 to 75% LTV at 4.89%
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Made to Measure 3-year fixed rate to 29 April 2029 to 75% LTV at 5.24%
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Shared Ownership 5-year fixed rate to 29 May 2031 to 95% LTS at 5.19%
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Shared Ownership 3-year fixed rate to 29 May 2029 to 95% LTS at 5.19%
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Existing Borrower Shared Ownership 3-year fixed rate to 29 May 2029 to 95% LTS at 5.09%
Don't forget!
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Our convenient instant chat is available Monday-Friday, 9.00am to 5.00pm. (from 9.30am on a Wednesday)
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We don't credit score - each and every case is assessed on individual merit and circumstances.
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Our underwriting process is tailored - no one size fits all.
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We consider all types of income and a range of currencies.
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You can now book an appointment with a BDM with our new online booking system here.