Foreign Nationals without indefinite leave to remain
We can consider foreign nationals without indefinite leave to remain where they hold an eligible work visa and have a minimum of 12 months’ employment history.
We can also consider applicants on a spousal visa as part of a joint application.
Applicants on a skilled worker visa or health and care worker visa must be in permanent employment.
The maximum LTV is 95%
Income must be derived from a current contract with a minimum term of six months and at least three months remaining at the time of application.
We don’t accept seasonal contracts as a source of income for affordability purposes.
We accept applicants on fixed-term contracts, subject to:
- Having at least 12 months experience in a similar role
- At least three months remaining on their contract at time of application OR a confirmed renewal OR evidence that provides confidence of continued employment.
We’ll consider contractor income paid through an umbrella company.
We assess contractor income using the day rate multiplied by five and then by 48 weeks.
Applicants should have 12 months’ experience or employment in a similar role.
Where there are gaps of more than three months, we’ll require an explanation.
There must be at least three months remaining on the contract, or evidence of a new contract.
We can also consider multiple contracts where there is evidence of experience and a history of managing multiple contracts.
We’ll use 100% of contract income for assessment. We can consider applicants from Day 1 if they have:
– At least 12 months’ experience in a similar role
– A 12 month contract
– A current contract with a minimum of three months remaining at the time of
application
Please note: where there is less than three months remaining in the applicants’ contract, we can still consider if the applicant can evidence a contract renewal or other confirmation that provides confidence of ongoing work.
We don’t have a minimum income requirement for contractor applicants.