Criteria

Great reasons to work with Clever Lending:

  • Personal service from a passionate team
  • Ability to find solutions – outside the box thinking
  • Positive outcomes
  • Multiple lending options

Second Charge Mortgages – Residential Property

  • Up to 95% for clients with no credit issues.
  • Lenders will accept clients who have been on furlough, providing their recent payslip shows income is back to normal.
  • 50% of regular bonus, commission and overtime accepted.
  • Up to 85% LTV for clients with defaults and missed payments within the last 12 months.
  • Can accept clients in a DMP/IVA with 2 years satisfactory payments.
  • Mortgage payment holidays must have ended.
  • Rates from 3.37% for prime clients with a good credit score.
  • Self-employed cases reviewed on a case by case basis, max 85% LTV.
  • 125% LTV options are available for employed only with strict criteria and max loan cap.

Second Charge Mortgages – Buy to Let

  • 75% max LTV
  • Minimum income of £20,000 for a single app or £25,000 for a joint app. (no minimum up to 70% LTV)
  • Self-employed cases reviewed on a case by case basis.
  • Any payment holidays must have ended, and applicants must show they have made their current mortgage payment.

Bridging – Residential Property

  • Regulated – up to 70%
  • Unregulated – up to 75%
  • Second Charge – up to 75%
  • BTL refurbishment up to 85%
  • Rates from 0.42% per month
  • Full Valuations carried out, Desktop Valuations/Drive-by valuations and AVMs now up to 75%

Bridging – Commercial Property

  • Semi-Commercial up to 75% LTV
  • Commercial up to 75% LTV
  • Rates from 0.75% per month

Commercial Mortgages

  • Available up to 75% LTV
  • Rates from 2.5% + Base Rate (currently 0.1%)
  • Trading businesses, Semi-commercial (such as a shop with a flat above), Mixed portfolio, Standard commercial property

Specialist Buy to Let

  • Available up to 75% LTV
  • Multiple units on one title
  • HMO/student lets – investment valuation/brick and mortar valuation
  • Portfolio finance
  • Blocks of flats

More information

You can call the team
on 0800 316 2224

To submit an enquiry to the commercial and bridging team, click here

To submit an enquiry to the second charge mortgage team, click here

For general contact,  click here