Introducing our new criteria

What’s changed?

Interest-only lending increased from 65% to 75% LTV
£150k minimum equity requirement removed
No minimum equity required, provided LTV is within 75%

Why it matters

Unlocks affordability where repayment mortgages fall short
Supports lifestyle, later-life, and cashflow-led borrowing

Perfect for

Home movers and remortgagers
High earners with repayment vehicles
Older borrowers looking to manage monthly outgoings

Repayment vehicles

The value of the repayment vehicle must be at least equal to the net loan amount at the time of application.

Acceptable repayment vehicles

Sale of security
Savings and/or investments
Sale of additional property
Pension (where policy criteria are met)

Unacceptable repayment vehicles

Future bonus or commission payments
Endowment policies
Inheritance
Sale of a business
Jewellery, antiques or other chattels

Lower minimum age and lower minimum income

We’ve widened eligibility criteria to ensure more low-income households can be assessed, rather than automatically declined at the outset.

What’s changed?

Minimum age: 18
Minimum income: £10k
Improved support for joint borrowers with lower incomes

How this works in practice (illustrative example)

Purchase details:

Applicants: Joint, both aged 20
Incomes: £13k and £14k
Property value: £160k
Gifted deposit: £60k from a close family member
Loan required: £100k (62.5% LTV)

Before the change

Combined income and age below minimum criteria
Affordability calculator returned £0 result
Application auto-declined prior to full assessment

Now

Combined income meets the minimum threshold for calculation
Case can proceed to full affordability assessment

Final lending outcome determined by declared outgoings, loan term, product selected and overall applicant profile (not by income threshold alone).

INTERMEDIARIES ONLY