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 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 don’t allow capital raising on a remortgage where the funds will be used to pay a tax bill.
We can consider capital raising on a residential remortgage for the purpose of purchasing commercial property.
We base maximum lending on an Interest Cover Ratio (ICR) calculation. Full details can be found using our Holiday Let Calculator.
We can consider rental income from:
- Buy to Let
- Commercial Let
- Holiday Let
We’ll use up to 100% of the income, subject to evidence through SA302s.
We’ll accept both interest-only and capital and interest repayment methods.
We’ll lend up to 80% LTV. We accept the following repayment strategies: sale of property, endowment, ISA and sale of another property.
We don’t accept retrospective new-build warranties.