Lending criteria

Latest changes to our lending criteria: 31 March 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: 

• Max Loan to value 60% (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 60%.   
• If PAYE – must be with the same employer for at least 2 years.
• If self-employed - 3 years accounts mandatory, maximum income multiple is 3.5x
• Contractors must have a 2 year history of contracting, with 6 months remaining on the current contract. Maximum income multiplier is 3.5x.  
• No income stretches – 4.5x maximum 
• 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.