Tailored around diverse incomes, this product helps clients looking to maximise affordability, who fall outside ‘tick box’ underwriting.
Supporting high net worth, self-employed and unique borrowers that need greater financial flexibility, we get to know the lifestyles and goals of our customers.
Why choose us?
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All validated regular income considered for employed and self-employed
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Multiple income streams accepted
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Affordability is assessed on your customer’s ability make the interest payment on an interest only basis, not on a full repayment basis
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Dedicated underwriters experienced in income complexities
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All applications manually assessed on a case-by-case basis
Product summary
| Product option | 2 Year Fixed Rate | 5 Year Fixed Rate |
|---|---|---|
| Loan to Value (LTV) | 90% maximum LTV for repayment 75% maximum LTV for interest only | 90% maximum LTV for repayment 75% maximum LTV for interest only |
| Valuation Fees | Free up to £1 million property value | Free up to £1 million property value |
| Minimum Loan | £50,000 | £50,000 |
| Maximum Loan | £850k up to 90% LTV £1m up to 85% LTV £2m up to 75% LTV | £850k up to 90% LTV £1m up to 85% LTV £2m up to 75% LTV |
| Minimum Property Value | £100,000 | £100,000 |
| Maximum Property Value | £10 million | £10 million |
| Early Repayment Charges (ERCs) | Fixed Year 1 = 3% Year 2 = 3% | Fixed Year 1 = 5% Year 2 = 4% Year 3 = 3% Year 4 = 2% Year 5 = 1% |
Criteria
- Earned income accepted up to the age 80
- 1 years trading accounts or the latest year where customers have been trading for more than 2 years regardless of LTV
- Retained Profit (Ltd Co) accepted
- Experienced fixed term and day rate contractors from day one with no minimum income requirements including gaps of up to 3 months
- Multiple current and future income sources up to 100% including new LLP and Associates
- Enhanced affordability including Loan To Income up to 6x joint on £4£ remortgages, and 6x on purchase and capital raising mortgages, depending on LTV and income
- Agency and zero hours including locum doctors and dentists, bank nurses and supply teachers
- Max 90% LTV capital and repayment with family gifted deposit or landlord gifted equity accepted
- Max 75% LTV interest only with multiple repayment vehicles including downsizing
Credit, service & proposition
- Maximum Advance
- £850k up to 90% LTV
- £1m up to 85% LTV
- £2m up to 75% LTV
- Free valuation up to £1m purchase price
- Consent to let accepted
- Free valuation and legal assist for re-mortgage
