West One reminder of their recent enhancements to the Residential Mortgage Criteria Changes.
Highlights of our new criteria include:
Skilled Worker, Health & Care Workers & UK ancestry visas up to 90% LTV
- Increased loan sizes – now up to £2.5m by referral
- AVMs up to £300,000 for remortgages, unencumbered properties, and transfer of equity mortgages
- Maximum retirement age increased – applicants stated retirement age or age 75
- Up to 100% of second job income
- Employed applicants in a probationary period within minimum employment of 3 months
- Reduced minimum property values of £75,000
- Increased age to 75 years old at the end of the interest only term
- New build houses up to 85% LTV
- Considering net profit and salary for limited company directors by referral
- Maternity leave – return to work pay now accepted
Full details are available in our new guide which gives you our updated product guide which can be accessed below: