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%
We’ll accept both interest-only and capital and interest repayment methods.
We’ll allow up to 85% LTV on repayment mortgages and up to 75% LTV on interest only mortgages.
We’ll allow up to 95% LTV for purchases and remortgages. Interest only mortgages are capped at 80% LTV and new-build flats at 85% LTV.
We’ll allow up to 95% LTV on repayment mortgages and up to 80% LTV on interest only mortgages.
We’ll allow up to 95% LTV for purchases and remortgages and up to 80% LTV on interest only mortgages.
We don’t apply a maximum age limit. We welcome interest-only applications that continue into retirement and also offer Retirement Interest Only (RIO) mortgages.
We can consider benefit income where it’s guaranteed for life.
We can consider rental income and may consider up to 100% of rental income.
The maximum age at application is 88.
We don’t apply a maximum age at the end of the mortgage term for Retirement Interest Only (RIO) mortgages.
We offer Retirement Interest Only (RIO) mortgages up to a maximum loan amount of £2 million.
We offer mortgage terms of up to 40 years on both repayment and interest-only mortgages.
We don’t apply a maximum mortgage term for Retirement Interest Only (RIO) mortgages.
The minimum age for a Retirement Interest Only (RIO) mortgage is 50. For joint applications, one applicant must be aged 50 or over and the other must be at least 18.
We require a minimum equity amount of £100,000 for interest only mortgages.
Where Sale of Property (SOP) is the repayment vehicle, the following minimum equity requirements apply:
- Scotland (except Edinburgh and Dundee) and North East: £100,000.
- North West, Yorkshire & Humber and Wales: £120,000
- Rest of UK: £150,000
- London: £250,000
We don’t have a minimum income requirement for interest only mortgages.
We require a minimum property value of £100,000
We allow debt consolidation up to 90% LTV on capital and interest mortgages, and up to 75% on interest only mortgages.
For remortgages where capital raising is for home improvements, we’ll allow:
- Up to 95% LTV on repayment mortgages
- Up to 80% LTV on interest only mortgages
- Up to 85% LTV for remortgages on new build flats and apartments.
We’ll accept both interest-only and capital and interest repayment methods.
We’ll allow a maximum LTV of 75%, subject to the following minimum equity requirements:
- Scotland (except Edinburgh and Dundee) and North East: £100,000
- North West, Yorkshire & Humber and Wales: £120,000
- Rest of UK: £150,000
- London: £250,000 We’ll allow up to 80% LTV on interest-only mortgages, with Sale of Property capped at 75% LTV and a second repayment vehicle used for the remaining 5%.