We’ve made positive changes to our lending criteria for Foreign National applicants. We’re also enhancing our Interest Only proposition.
- Summary of changes:
- Interest Only – the maximum LTV has been increased to 75%
- Foreign Nationals without indefinite leave to remain – the maximum LTV has been increased to 85%
- This is available to sole applicants with an income of £50,000 or more, or joint applicants with an income of £75,000 or more. We’ll still lend up to 75% LTV for applications not meeting this criteria
- For all applications, we’ve also removed the need for a 25% deposit to be provided from their own resources