Criteria

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 65% 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% LTV, Unregulated – up to 75% LTV, Second Charge – up to 75% LTV
  • Rates from 0.42% per month
  • Full Valuations carried out, Desktop Valuations/Drive-by valuations and AVMs now up to 75% LTV

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, Unsecured business loans

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

Information correct as of 17 November 2020