Our site uses cookies

I agree Our site saves small pieces of text information, called “cookies” on your device. Find out more in our cookie policy. You can disable the usage of cookies by changing the settings of your browser. By continuing to browse the site you are agreeing to our use of cookies.

Lending criteria

Our helpful criteria tool enables you to search or filter to find the information you need.

Latest changes to our lending criteria: 1 May 2020

During the current situation we will continue to review our lending criteria on a daily basis and will continue to react as appropriate.  The following changes have been made: 

  • Rate change across all Shared Ownership products. £ year Discount to SVR -1.46%, 2 and 3 year fixed rates move from 2.99% to 3.19% and the 5 year fixed rate from 3.39 to 3.59%
  • Max Loan to value 70% (Residential, Buy to let and Shared Ownership and Help to Buy)  NB: Shared Ownership up to 95% of share available providing the overall LTV doesn’t exceed 70% 
  • If self-employed - 3 years accounts mandatory, maximum income multiple is 4x
  • Contractors must have a 2 year history of contracting, with 6 months remaining on the current contract. Maximum income multiplier is 4x  
  • No income stretches – 4.5x maximum 
  • For Furloughed borrowers, cases will be individually assessed 
  • No self-build mortgages 
  • No holiday lets 
  • No bridging loans

We will update this page when any further changes are made. 

If you are unsure about anything please contact us. Alternatively you can download a copy of our Product Guide which can be found on our forms and guides page.

Lending criteria
Register for email news

Keep up to date with our latest product news and criteria changes.

Very easy to deal with. Happy to look at any enquiry and give a quick response.

Broker, Smart Money People feedback 2019
Register or amend your preferences for your choice of email alerts

Keep up to date with our latest news, product and event details

You can check the Financial Services register on the FCA's website.


How can we help you?

01635 918 000

Call me back