We aware of the challenges your self-employed clients face when it comes to finding a mortgage.
They may have only been trading for a short time, have non-standard or complex income, which mainstream lenders typically can’t or won’t consider.
But we don’t let this put us off, in fact, it’s a challenge we’re happy to take on.
With 1 year’s account
- Lending up to 90% LTV
- For affordability we’ll use salary and dividends
- Capital raising is available for business purposes up to 85% LTV*
With 2 year’s accounts
Lending up to 95% LTV
- When assessing income we can consider the highest combination of salary and dividends OR salary and share of profit after taxation
- If income has increased in the past year, we may be able to use these figures when assessing affordability, as long as their accountant can confirm that the income is sustainable
- Capital raising is available for business purposes up to 85% LTV*
New level 2 and 3 lending criteria
We’ve updated our lending criteria to help more of your residential owner occupied clients by providing more lending options.
Not only have we improved our level 1 criteria to support customers up to 95% LTV, but we’ve also introduced our level 2 to 95% LTV and level 3 criteria to 80% LTV.
To learn more about our refreshed and simplified lending criteria see our residential criteria guide.
| If you have any questions, contact your relationship manager or call the team on 0333 321 1000. |