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 can consider Day 1 remortgages, subject to the following:
- The purchase price must not be inflated and must match the original purchase
price - As the Land Registry is unlikely to have been updated, the original
solicitor (used to purchase the property) must confirm that the
charge has been submitted for registration - The completion statement will be required from the solicitor to confirm the
original purchase price. - If the broker or client is using our fee-assisted legal service, this information may need to be provided by a different solicitor to the original solicitors used to
purchase the property.
We can ignore debts that will be repaid before or on completion, subject to underwriter assessment of the applicant’s overall expenditure.
We’ll consider IVAs that have been satisfied for more than three years.
We don’t accept current or unsatisfied Debt Management Plans. We can only accept Debt Management Plans if they have been discharged for at least six years.
We can accept Debt Management Plans if they have been discharged for at least six years.
We can consider applicants with a satisfied Debt Relief Order, provided it was satisfied at least six years ago.
We can ignore communications and utility defaults unless the balance or overall credit conduct gives cause for concern. Satisfied defaults over three years old can be ignored where recent conduct is good. Unsatisfied defaults over three years old can be ignored where the total balance is less than £250.
We can potentially consider applicants who have had defaults registered more than 12 but less than 24 months ago. Providing no more than one default satisfied up to the value of £250 in the past two years.
We can potentially consider applicants who have had defaults registered more than 24 but less than 36 months ago.
We can’t accept more than two satisfied defaults less than or equal two £500 in the past six years.
We can potentially consider applicants who have had defaults registered more than three but less than 12 months ago.
We can’t accept more than one satisfied default less than or equal to £250 in the past two years.
We can potentially consider applicants who have had defaults registered in the past three months.
We can’t accept more than one satisfied default less than or equal to £250 in the past two years.
We can potentially ignore any defaults that were registered more than 36 months ago.
We can’t accept more than two satisfied defaults less than or equal to £500 in the past six years.
We’ll consider this income as part of our affordability assessment. We’ll also consider how sustainable the income is over the mortgage term.
We can potentially consider applicants permitting they have been discharged for at least six years.