Income calculation of up to a maximum of weekly rate x 48.
Available on Real Life 1 – Real Life 6 products.
Current contract must be for a minimum of 6 months.
Payslips and/or invoices supporting the contract, and bank statements are required.
Must have been contracting for a minimum of 12 months.
Up to 75% LTV. Must have been contracting for a minimum of 3 months.
Previous experience in a similar role for a minimum period of 12 months.
Lending into retirement
Latest annual statement of pension(s) due on retirement or recent letter from pension provider(s) confirming the pension due on retirement.
Evidence of any additional post-retirement income will be required for the income to be considered.
Evidenced through bank statements OR award letter OR acceptable alternative.
* For children 13 years and under.
** Court ordered only and must have minimum of 5 years remaining.
*** Restricted to 25% of earned income.
• Self-employed trading >24 months (most recent 2 years evidence required)
• Existing contractors
• Lending into retirement
* 90% LTV – selected distribution partners – please refer to the product and criteria guides.
• Self-employed trading <24
months (most recent years evidence required)
• New build
• First-time buyer
New contractors (<12 months)
Ex local authority properties
Family Gifted Equity
Applicants with previous bankruptcy and IVA
£25,001 (£100,000 for cashback products)
Maximum loan (varies by LTV)
£600k up to 90% LTV
£750k up to 80% LTV
£1m up to 75% LTV
No remortgage within 6 months of purchase.
All applications must be on an advised basis.
Capital and interest repayment only.
60 days. New build offers are valid for 6 months subject to valuation/reinspection.
Source of funds
Evidence required. Can include: Savings, sale of property, sale of investments/shares, inheritance. Other sources can be considered. Please contact our Intermediary Business Consultants to discuss.
Family gifted deposit
Family gifted deposits are acceptable where the donor is not involved in the mortgage transaction.
Family gifted equity
Must be from an immediate family member and donor cannot reside in the property. Up to 75% LTV. Only available on Real Life 1 – Real Life 6.
£70,000 (£150,000 in London and South East).
£1.5m (property valuations over £1.5m are considered on referral).
Mainland England, Scotland and Wales. Postcode restrictions may apply.
Under the following circumstances, a second audit valuation will be required.
Properties valued over £500,000 and over 75% LTV – drive by valuation.
Properties valued over £1m – mortgage valuation report.
Acceptable for essential repairs only. Max 5% of current property value.
Must be leasehold in England and Wales. Freehold is acceptable in Scotland.
Freehold or leasehold in England and Wales. Scottish properties must be absolute ownership or freehold.
Offer validity – new build
6 months, subject to valuation/reinspection.
Up to 5% builder deposit or incentive is allowable without deduction up to a maximum LTV of 85%. The maximum loan on a new build property with a builder’s deposit/incentive that is not being deducted from the purchase price is £600,000.
Help to Buy
Available to first time buyers and home movers.
Minimum 5% deposit from applicants own resources. Minimum 10% in Scotland.
Family gifted deposit acceptable. We cannot accept builder gifted deposit in conjunction with Help to Buy: Equity Loan.
Region – Maximum loan
England – £450,000
London – £450,000
Scotland – £150,000
Wales – £225,000
Maximum 75% LTV.
Maximum age at end of term is 75 for Help to Buy products. Except in Scotland where the maximum age at end of term is 70.
Purchase only. Not available for remortgage. Help to Buy products cannot be ported.
Please see Help to Buy product guide for full details.
Get in touch
There’s always someone here for you, all you have to do is holler and we’ll come running.