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 foster care income as an acceptable source of income, subject to six months’ remittances and three months’ bank statements being provided. We’ll also consider how sustainable the income is over the mortgage term.
We don’t accept properties with an overage clause.
We don’t accept properties within 100 metres of high-voltage overhead power lines, pylons, large sub-stations or adjoining local sub-stations. Local low-voltage supply lines found in rural areas may be acceptable.
We allow overpayments, subject to our terms and conditions. Typically, up to 10% of the outstanding mortgage balance can be repaid each year without penalty.
We allow overpayments of up to 10%.
We can consider overtime paid less frequently than monthly as an acceptable source of income. We’ll assess the frequency, consistency and sustainability of the payments. Regular overtime may also be considered.
We can consider up to 100% of regular but non-guaranteed overtime, subject to plausibility. We’ll use the actual amount received, averaged over the last 12 months, and require evidence of consistency during that period.
Applicants can use the property for their own purposes for up to 90 days each year.