Important Message
Underwriting Team
Our Underwriting Team will be unavailable on 16 December to enable our staff to attend essential training. We apologise for any inconvenience this may cause.
Lending Criteria
Here you can find our A-Z lending criteria.
A
Value: Accepted
Criteria Policy Notes:
We accept the following accountant qualifications:
Institute of Chartered Accountants of England and Wales (ICAEW)
Institute of Chartered Accountant of Scotland (ICAS)
Chartered Accountants Ireland (CAI)
Association of Chartered Certified Accountants (ACCA)
Chartered Institute of Public Finance and Accountancy (CIPFA)
Association of International Accountants (AIA)
Association of Authorised Public Accountants (AAPA)
The Chartered Institute of Management Accountants (CIMA)
The Chartered Institute of Taxation (CIOT)
Association of Accounting Technicians (AAT)
Institute of Financial Accountants (IFA)
Association of Taxation Technicians (ATT).
If we require an accountants certificate/reference, we will contact the applicant's accountant directly. If the accountant prefers this to be completed by email, please add a note to the application with the accountant's email address.
Accountants Certificate/Reference
These are sent directly to the applicant’s accountant at the underwriter’s discretion via post. Should you wish the accountants reference to be sent by email, please add a note to an application and the email address of the accountant.
Last Updated: 3 December 2025
Value: Acceptable
Criteria Policy Notes:
We can lend on properties with up to 20 acres of land. Providing it isn't used for commercial use.
We do accept properties where the land is used for hobby farming and personal equestrian use.
Outside Policy Notes:
Properties over 20 acres can be considered subject to underwriters discretion and subject to valuers comments.
Please contact us if this is the case.
Last updated: 3 December 2025
Value: Acceptable
Criteria Policy Notes:
We offer additional borrowing for Saffron Building Society mortgage holders only.
Last Updated: 3 December 2025
Value: Acceptable
Criteria Policy Notes:
We don't have a limit on additional properties.
Last Updated: 3 December 2025
Value: Acceptable
Criteria Policy Notes:
We define additional/secondary income as; overtime, bonus and commission.
When assessing income, we'll consider:
100% (Guaranteed): We'll take the full amount into account if it's the amount is the same each month (e.g. London weighting, car allowance).
50% (Non-Guaranteed): We'll need your last 3 months' payslips and bank statements.
Up to 75%: We'll need P60s from the last 2 years showing it being consistently received.
Last Updated: 3 December 2025
Value: Acceptable
Criteria Policy Notes:
We use Experian for credit checks to assess applications.
Mortgage Payment History: No more than 1 missed payment in the last 12 months.
No more than 2 missed payments in the last 24 months.
Unsecured Arrears (e.g. loans, credit cards)
No more than 2 missed payments in the last 24 months.
Last Updated: 3 December 2025
Value: Acceptable
Criteria Policy Notes:
We require the applicant to have a minimum of 1 years history of working experience as an agency worker, but this can be with different companies.
We require the latest P60 with 3 months payslips and 3 months bank statements.
Last updated: 3 December 2025
Value: Not acceptable
Criteria Policy Notes:
We do not lend on properties with agricultural ties.
Last updated: 3 December 2025
Value: Acceptable.
Criteria Policy Notes:
We allow annexes to be occupied by non-borrowing family members or to be let. If the annexe has separate council tax, we will include this in affordability assessment.
Please contact us if this is the case.
Last updated: 3 December 2025
Value: Acceptable
Criteria Policy Notes:
We require one month payslip and/or the latest P60.
Last updated: 3 December 2025
Value: 4
Criteria Policy Notes:
We accept a maximum of 4 applicants, only the 2 highest incomes can be used to support affordability. Unless looking for a joint borrower sole proprietor mortgage we can consider up to 4 incomes.
Last updated: 3 December 2025
Value: Acceptable
Criteria Policy Notes:
We can accept an application where the property will be purchased at auction. However, we cannot guarantee we will be able to meet the exchange deadline.
Last updated: 3 December 2025
B
Value: Acceptable
Criteria Policy Notes:
We can consider applications from applicants remortgaging within the last 6 months.
Please contact us if this is the case.
Last updated: 3 December 2025
Value: 5 Years
Criteria Policy Notes:
We can consider applications from applicants remortgaging within the last 6 months.
Last updated: 3 December 2025
Value: Acceptable
Criteria Policy Notes:
We can accept Barn Conversions, subject to valuer comments.
Last updated: 3 December 2025
Value: Not acceptable
Criteria Policy Notes:
N/A
Last updated: 3 December 2025
Value: No maximum
Criteria Policy Notes:
We do not have a maximum number of storeys in a flat. However, if there are more than 5 floors we will require a lift.
Please contact us if this is relevant to your case.
Last updated: 3 December 2025
Value: Acceptable
Criteria Policy Notes:
We can consider up to 50% if it is non-guaranteed, if so we will require 3 months bank statements.
We can consider up to 75% if the applicant has more than 2 continuous year's track history by underwriters discretion.
Last updated: 3 December 2025
Value: Acceptable
Criteria Policy Notes:
Acceptable for Pre-Development Finance Bridging and Development Finance Exit Bridging applications
Last updated: 3 December 2025
Value: Acceptable
Criteria Policy Notes:
For First Time Buyers and/or First Time Landlords only:
At least one applicant must meet the minimum income requirement of £25,000. For HMO BTL applications, at least one applicant must meet the minimum income requirement of £50,000
Last updated: 3 December 2025
Value: Acceptable
Criteria Policy Notes:
We can accept a maximum of 5% as a builder gifted deposit or incentive as long as the applicant contributes at least 5%.
A maximum of 5% in the form of a builder gifted deposit or incentive (e.g. Stamp duty and deposit) scheme is allowed subject to applicants having a minimum deposit of 5% from their own resources.
Last updated: 3 December 2025
C
Value: Acceptable
Criteria Policy Notes:
We can consider capital raising for:
Home improvements
Debt consolidation
Purchasing another property
We will not consider capital raising for: paying tax bills, repaying gambling debts or any business purposes.
Further evidence may be required.
Last updated: 3 December 2025
Value: Acceptable
Criteria Policy Notes:
Unsettled CCJs
We allow unsettled CCJs up to £100
If the unsettled amount is under £500, please contact us.
Settled CCJs
We accept CCJs up to £500 if settled within the last 24 months.
We accept CCJs over £500 if settled more than 2 years ago.
Last updated: 3 December 2025
Value: Not acceptable
Criteria Policy Notes:
Child Tax Credit also not acceptable
Last updated: 3 December 2025
CIS Workers (Construction Industry Scheme)
Can consider on our “Contractor” product range if the applicant has less than 2 years' continuous contracting history. Applicants with more than 2 years' continuous contracting history can be considered on our standard range.
We require the following:
- The applicant to have 1 years industry experience
- We require 3 month’s payslips and bank statements
- We will average the income over the last 3 months CIS slips
- If applying for a standard product, CV or income evidence showing 2 years' continuous contracting history
Value: Acceptable for leasehold
Criteria Policy Notes: We can consider leasehold coach houses subject to valuer comments. We cannot accept freehold coach houses.
Last updated: 3 December 2025
Value: Acceptable
Criteria Policy Notes: We can consider commercial properties subject to type of commercial, location and valuers comments.
Please contact us if this is the case.
Last updated: 3 December 2025
Value: Acceptable
Criteria Policy Notes: We require 3 months' payslips and bank statements to evidence commission.
We will use 50% of the annualised average.
If commission is evidenced for over 1 year, we may use up to 75% at underwriter discretion.
If commission is contractual (e.g sales role) and supported by an employer letter confirming at least 3 years, we may use up to 100% at underwriter discretion.
Last updated: 3 December 2025
Value:
Criteria Policy Notes: We require the transaction to be at full market value. Gifted equity is only accepted from close family, family friends or ex-partners.
A solicitor's letter is required to confirm the discount, the vendor's details, their relationship to the borrower, and their understanding of the gift.
Close family members includes: parents, siblings, children, grandparents, grandchildren, aunts and uncles.
Last updated: 3 December 2025
Value: N/A
Criteria Policy Notes: Standard construction
Walls: We accept brick, stone, concrete block, heavy timber fram (pre-1900) and modern timber frame (built to Building regulations from 1970 onwards).
New time bframe is acceptable if there is a masonry backfill up to DPC and subject to the valuer's comments.
Roofs: We accept tiled, slate, asbestos slate, thatch, cedar shingle and flat roofs (bitumen or 3-layer felt).
Flat roofs are acceptable up to 100% on purpose-built flats, but only up to 25% of the total area on houses, subject to the valuer.
Single Skin Brickwork:
Generally unacceptable, except for small single-storey areas such as porches.
Cladding:
We accept cladding on a property, subject to valuers' comments.
Insulating spray foam:
We do not lend on properties with spray foam insulation in the roof void.
Last updated: 3 December 2025
Value: Acceptable
Criteria Policy Notes:
We can consider CIS workers under the following criteria:
Product Eligibility
Contractor product range, this is suitable for applicants with less than 2 years' continuous contracting history.
Standard residential range, this is available when the applicant has more than 2 years' continuous contracting history. (CV or income evidence required)
Requirements
We require at least 1 year of industry experience.
Last 3 months' CIS payslips and corresponding bank statements.
Income will be based on the average of the last 3 months' CIS slips.
For standard products, evidence of 2 years continous contracting history.
Last updated: 3 December 2025
Value: Acceptable
Criteria Policy Notes:
Day Rate Contractors
We can consider applicants who meet the following:
2 years' employment history and a minimum of 3 months contracting history. We can consider day-one contractors at our discretion, they are required to have 1 year sector experience.
We calculate income as: Daily rate x 5 x 48.
Minimum age: 21
Minimum term: 5 years
Repayment or interest only
Interest only up to 70% LTV with an acceptable repayment strategy.
Minimum loan: £100,000.
Maximum loan: £3,000,000 up to 80% LTV, £1,000,000 up to 90% LTV.
Requirements:
Current contract
Last 1 month's invoices
Last 1 month's bank statements showing invoice credits
CV detailing previous employment history
Last updated: 3 December 2025
Value: 800
Criteria Policy Notes: We use Experian as our credit referencing agency and require a minimum credit score of 800 and we will review Indebtedness Index parameters as part of our lending decision.
Last updated: 3 December 2025
D
Value: Acceptable
Criteria Policy Notes: We will consider debt consolidation up to 80% LTV.
We do not accept debt consolidation for: paying tax bills, gambling debts or any business purposes.
Last updated: 3 December 2025
Value: Acceptable
Criteria Policy Notes:
Unsettled Defaults:
We allow unsettled defaults up to £100.
If the outstanding amount is under £500, please contact us.
Settled Defaults:
We accept defaults up to £500 if settled within the first 24 months
We accept defaults over £500 if settled more than 2 years ago.
Last updated: 3 December 2025
Value: Acceptable
Criteria Policy Notes:
Acceptable deposit sources
Savings (with bank statement)
Equity from a sale
Capital raised on another property (mortgage offer required)
Endowment/investment maturing
Gifts or loans (with a signed gift/loan letter and evidence of funds)
Gifted equity from immediate faimily at full market value
Sale of legitimate assets (with evidence)
Please contact us if the deposit is:
Provided by the vendor (unless a standard builder incentive/family gift)
Protected by a Deed of Trust or similar
From someone who will live in the property but isn't on the mortgage
Linked to any beneficial or equitable interest
If the deposit is a loan we need:
Loan amount
Lender details
Loan terms
Any security (e.g. second charges)
Last updated: 3 December 2025
Value: Acceptable
Criteria Policy Notes: We offer Pre-Development Bridges, Development Finance and Exit Bridges. Please refer to our dedicated Development Finance Page for details.
Last updated: 3 December 2025
Value: Not Accepted
Criteria Policy Notes:
Last updated: 3 December 2025
Value: Not Accepted
Criteria Policy Notes:
Last updated: 3 December 2025
Value: Acceptable
Criteria Policy Notes: We require debt management plans to be settled for a minimum of 3 years.
Last updated: 3 December 2025
E
Value: Acceptable
Criteria Policy Notes:
We accept applicants who are:
Permanently employed (full or part time)
On fixed-term or renewable short-term contracts
Contractors (including umbrella arrangements)
Employed directors with less than 20% shareholding
Temporary or agency workers
Zero-hours or bank staff
Self-employed (sole traders, partnerships, and company directors with more than 20% shareholding
Minimum Employment / Trading History
Employed applicants:
No minimum time with current employer, but we require up to 3 months' earnings evidence.
Applicants in probation may be considered if they have 2 years' work history.
Self-Employed applicants:
1-2 years trading may be considered on the Self-Employed range
2+ years trading may be considered on the standard range
Contractors
If the applicant has less than 2 years continuous contracting they may be considered on the Contractor range.
Last updated: 3 December 2025
Value: Acceptable
Criteria Policy Notes: We can consider applicants living in employer/tied accommodation (e.g. teachers, clergy) on a BTL basis, provided we obtain acceptable proof of address and the security property will be let.
Last updated: 3 December 2025
Value: Acceptable
Criteria Policy Notes: For BTL and Expat BTL applications, the property must have an EPC rating of E or above. We require a valid EPC certificate at full application stage to confirm compliance.
Last updated: 3 December 2025
Value: Not Accepted
Criteria Policy Notes:
Last updated: 3 December 2025
Value: Not Accepted
Criteria Policy Notes:
Last updated: 3 December 2025
Value: Accepted
Criteria Policy Notes:
Please contact us if the ground rent exceeds £250 (£400 in London) annually.
Ground rent must not exceed 0.2% of property value or 0.1% for new build properties.
RPI linked ground rents are acceptable providing rent is reviewed not more frequently than once every 5 years.
Doubling ground rents are acceptable provided they do not double more frequently than every 20 years and does not continue to double after 125 years.
Fixed increase ground rents should not exceed more than double.
Property price linked escalations are not acceptable.
Last updated: 3 December 2025
Value: Acceptable
Criteria Policy Notes: We can consider applications where the applicant has 2 years' UK address history prior to application. Post-Brexit, applicants must have EU Settlement Status (both settled and pre-settled status are acceptable).
Last updated: 3 December 2025
Value: Acceptable
Criteria Policy Notes: We rely on the valuer to determine whether an EWS1 form is required, based on their physical inspection of the building and current guidelines.
Last updated: 3 December 2025
Value: Acceptable
Criteria Policy Notes:
We accept British nationals living and working overseas for a minimum of 3 months.
Residential & Regulated BTL Applications
Only GBP income is accepted.
UK bank account is required.
Foreign address must be entered as primary residence on DIP and full application.
Expat BTL with non-borrowing occupant
We will condition the offer on appointment of a UK solicitor (minimum 2 partners) who can receive notice in the event of default.
Completion cannot proceed without this.
Documentation Requirements
All documents not in English must be translated by a qualified translator.
ID must be certified by:
British Embassy/Consulate
High Commission
Notary Public
Solicitor
Certification must confirm the original has been seen and any photo is a good likeness.
Current, signed British passport required.
Overseas driving licences are not accepted.
Brokers may certify documents only if they have met the applicant in person and have seen the original.
Last updated: 3 December 2025
Value: Acceptable
Criteria Policy Notes: Available to expats returning to the UK or where direct family (spouse and/or children) remains in the property.
Members of the Armed Forces serving abroad are eligible for our standard range.
Please see our dedicated Expat Residential product page for full details.
Last updated: 3 December 2025
Value: Acceptable
Criteria Policy Notes: We accept a maximum of 1 flat per block per customer, or 10% of flats per block at a portfolio level.
Last updated: 3 December 2025
F
Value: Acceptable
Criteria Policy Notes:
We can consider short-term contractors, including those employed via an umbrella company.
We calculate income as: Daily rate x 5 x 48.
Requirements:
3 months' bank statements
3 months' invoices
A CV confirming previous work experience
A minimum of 2 years' employment history
At least 3 months' contracting history, supported by the above invoices and bank statements
For Day Rate, CIS or Zero Hour Contractors, please see the relevant category.
Last updated: 3 December 2025
Value: Acceptable
Criteria Policy Notes: We offer a specific product range up to 95% LTV for eligible first-time buyers. We also accept first-time buyers/first-time landloards on our BTL products.
Last updated: 3 December 2025
Fixed term and short term contractors with less than 2 years continuous contracting history can be considered on the specific “Contractor” product range. Contractors with a minimum of 2 years' continuous contracting history are eligible for our standard range.
We do not have a minimum income for Daily Rate contract workers. Income to be calculated as Daily Rate x days worked (max 5) x 48.
Day Rate/Fixed term Contractors;
- Copy of current contract evidencing a minimum of 3 months since the start of the contract
- Last 1 months invoices
- Last 1 months bank statements
- If eligible for our standard range, income evidence showing 2 years' continuous contracting history
Short term Contractors (including contractors employed under an umbrella company contract);
- 3 months bank statements; and
- 3 months invoices; and
- CV confirming applicants previous work experience
- Applicants must have 2 years’ employment history, a minimum of 3 months contract history backed by 3 months bank statement and invoices.
CIS Contractors;
- Minimum 1 year working experience within the construction industry
- 3 months payslips
- 3 months bank statements
- If eligible for our standard range, income evidence showing 2 years' continuous contracting history
Zero Hour Contractors;
- The applicant must have a minimum of 1 years history of working experience on a zero hours contract - can be with different employers;
- Latest P60
- Last 3 months payslips
- If eligible for our standard range, income evidence showing 2 years' continuous contracting history
Value: Acceptable
Criteria Policy Notes:
Flats up to 5 floor without a lift. Flats with a lift have no floor limit.
Flats above commercial premises subject to valuers' comments.
New build flats up to 75% LTV (capital & interest) and 60% LTV (interest-only / part & part)
Studio flats where the property is in a prime residential location, is valuer-supported, has a minimum internal area of 35m2 and includes both a kitchen and a separate bathroom.
Ex-local authority flats up to 75% LTV (capital & interest) and 60% LTV (interest-only), subject to valuation and underwriting approval.
EWS1 assessment will be determined by the valuer based on inspection and current guidance.
We are unable to accept:
Freehold flats
Freehold coach houses
Freehold maisonettes
Last updated: 3 December 2025
Value: Acceptable
Criteria Policy Notes:
We can consider properties with a flying freehold of up to 15% of the total floor area. Subject to valuers' comments and confirmation that satisfactory legal rights for support, access, maintenance and repair are in place.
Last updated: 3 December 2025
Value:
Criteria Policy Notes:
We may not consider properties at high flood risk.
Zone 1: Acceptable
Zone 2: Acceptable if insurable and subject to valuers comments
Zone 3: Acceptable if, long-term flood risk is medium or lower, insurable on standard terms, and valuer comments are satisfactory.
Last updated: 3 December 2025
Value: Acceptable, if paid in GBP
Criteria Policy Notes:
We only consider income paid in GBP to support affordability. For Expat BTL applications, we can consider clients paid in foreign currency, as lending is based on the rental income from the property.
Last updated: 3 December 2025
Value: Acceptable
Criteria Policy Notes:
We accept applicants on the following Visas who have resided in the UK for a minimum of two years:
• Skilled Worker
• Health & Care Worker
• Global Talent
• Spousal
• Pre-settled status
Above 75% LTV the applicant needs a minimum income of £75,000. Maximum LTV 90%.
No minimum remaining term of current Visa.
Last updated: 3 December 2025
Value: Acceptable
Criteria Policy Notes:
We can use 100% of foster income if the applicant has a minimum 1-year fostering track record. Please contact us if this is the case.
Requirements:
3 months of remittance forms showing standard foster payments as primary income. Excluding any ad-hoc payments (e.g. clothing) or supplementary payments (e.g. additional needs or disability)
Foster childrent must be listed as dependents
Minimum age of foster carers follows our employed income policy (up to age 75).
Last updated: 3 December 2025
Value: Acceptable
Criteria Policy Notes:
Last updated: 3 December 2025
G
Value: Acceptable
Criteria Policy Notes: We accept gifted deposits from immediate family members. It must be accompanied with a signed letter confirming the amount and the terms. We may request evidence of funds.
Our gifted deposit letter template is available here.
Last updated: 3 December 2025
Value: Acceptable
Criteria Policy Notes: We accept gifted deposits from immediate family members and landlord gifted equity where there is evidence of good rental conduct.. It must be accompanied with a signed letter confirming the amount and the terms. We may request evidence of funds.
Our gifted deposit letter template is available here.
Last updated: 3 December 2025
Value: Accepted
Criteria Policy Notes:
Please contact us if the ground rent exceeds £250 (£400 in London) annually.
Ground rent must not exceed 0.2% of property value or 0.1% for new build properties.
RPI linked ground rents are acceptable providing rent is reviewed not more frequently than once every 5 years.
Doubling ground rents are acceptable provided they do not double more frequently than every 20 years and does not continue to double after 125 years.
Fixed increase ground rents should not exceed more than double.
Property price linked escalations are not acceptable.
Last updated: 3 December 2025
Value: Not Accepted
Criteria Policy Notes:
Last updated: 3 December 2025
H
Value: Acceptable
Criteria Policy Notes: We can only assist when remortgaging to pay off the help to buy loan.
Last updated: 3 December 2025
Value: Acceptable
Criteria Policy Notes: We accept holiday homes for personal use. Properties may also be let on a short-term basis (e.g. Airbnb) for up to 90 days per year.
Last updated: 3 December 2025
Value: Not Accepted
Criteria Policy Notes:
Last updated: 3 December 2025
Value: Not required
Criteria Policy Notes: We do not require a Homebuyer's report. If the applicant requests one, please let us know at the FMA stage. We will collect the standard valuation fee and the applicant will pay the Homebuyer's Report fee directly to the surveyor.
Last updated: 3 December 2025
Value: Not Accepted
Criteria Policy Notes:
Last updated: 3 December 2025
Value: Acceptable
Criteria Policy Notes: We can consider HMOs subject to the following:
Minimum EPC Rating: D
Minimum property value: £150,000
Student lets: Acceptable
Up to 6 bedrooms: Regulated BTL applications can be considered
Tenancy: Property must be let on an AST basis
Please see our HMO BTL and HMO Limited Company product pages for more details.
Last updated: 3 December 2025
I
Value: N/A
Criteria Policy Notes: We verify ID electronically where possible. If this isn't successful, certified documents are required.
Acceptable ID:
Current UK/EU Passport
Current UK photo card driving licence (full or provisional)
HMRC Tax letter (under 12 months old)
DWP benefits/pension letter (under 12 months old)
Firearms/shotgun certificate
Acceptable Proof of Residency:
Council tax bill (current year)
Utility Bill (under 3 months old)
Bank/Building Society.Credit Union statement (under 3 months old, no internet prints)
UK Driving licence (if not used as ID)
HMRC/DWP letter (if not used as ID)
If the applicant has lived at their address for less than 3 months, we need evidence for both addresses.
Name changes: We accept ID in the old name with proof (e.g. marriage certificate, deed poll)
For Ex-Pat ID requirements, see 'Ex-Pat' category.
Please contact us if you cannot provide these documents.
Last updated: 3 December 2025
Value: Acceptable
Criteria Policy Notes: We can use the value of a Defined Contribution Pension, Personal Pension, or SIPP as income if the applicant can access the funds.
For affordability, we apply a 30% haircut to the current fund value. The remaining 70% can be treated as income based on:
The purchase of a suitable annuity or, an annual withdrawal at a sustainable rate. Both assessed net of tax, for the term of the mortgage.
Last updated: 3 December 2025
Value: N/A
Criteria Policy Notes: We can use:
Basic Salary plus 100% of guaranteed allowances. (e.g. shift allowance, car allowance, housing allowance, area weighting)
Overtime, Commission & Bonus:
We use 50% of the 12-month average. Up to 75% may be used with over 1 year's evidence (underwriter discretion)
3 months' payslips and bank statements required.
For commission only, we may allow up to 100% if contractual and confirmed by employer over 3 years. (underwriter discretion)
Maternity leave:
We use 100% of basic salary on confirmed return to work. For full details view our Maternity/Parental leave policy. Please see 'Maternity' category for further details.
Second Jobs:
We accept 100% if the second job has been held for a minimum of 6 months. The applicant must not exceed 60 hours per week.
Last updated: 3 December 2025
Value: Acceptable
Criteria Policy Notes: We can consider the income for both retired applicants and as secondary income for non-retired applicants. It must always be supported by another primary source of income.
Last updated: 3 December 2025
Value: Acceptable
Criteria Policy Notes:
Rental Income:
We can accept 50% of net surplus.
If rental income is from a professional landlord business, self-employed rules apply.
Maintenance:
We can accept up to 50%.
Must be supported by a court orger and child must be 13 or under.
Pensions:
We accept 100% of personal or state pensions.
Foster Income:
We accept 100% with 1-year track record.
We require 3 months of remittance forms showing standard foster payments as primary income. Excluding any ad-hoc payments (e.g. clothing) or supplementary payments (e.g. additional needs or disability)
Foster childrent must be listed as dependents
Minimum age of foster carers follows our employed income policy (up to age 75).
Trust funds:
Please contact us.
Last updated: 3 December 2025
Value: Acceptable
Criteria Policy Notes: We accept Sole traders, Partnerships and Limited Company directors.
Income we consider:
Sole Trader: Net profit.
Partnership: Share of net profit and/or salary.
Limited Company (shareholding >=20%): Dividends plus drawings. If ownership is 50%, we may consider net profit after tax plus salary, at underwriter's discretion.
Other guidance:
Applicants with 1 year of accounts can be considered on our specialist self-employed product range.
A limited director who has changed trading from a sole trader can be considered without waiting 12 months of Ltd co status.
Applicants trading for over 2 years can choose a standard residential product.
Last updated: 3 December 2025
Value: Not Accepted
Criteria Policy Notes:
Last updated: 3 December 2025
Value: Acceptable
Criteria Policy Notes: We lend up to 70% LTV, or 75% LTV including fees, on repayment and part & part. For interest-only, the LTV must not exceed 60%.
For further details on acceptable repayment vehicles please see:
Lending into Retirement
Interest-Only Repayment Vehicles
Last updated: 3 December 2025
Value: Not Accepted
Criteria Policy Notes: We do not lend in Ireland.
Last updated: 3 December 2025
Value:
Criteria Policy Notes: All IVAs must be settled for a minimum of 3 years.
Last updated: 3 December 2025
J
Value: Not Accepted
Criteria Policy Notes:
Last updated: 3 December 2025
Value: Accepted
Criteria Policy Notes:
This is available on the dedicated Joint Borrower Sole Proprietor product range.
For current and previous home owners, we can consider applications up to 90% LTV. First Time Buyer applications can be considered up to 95% LTV. Up to 4 applicants (2 owners and 2 supporting borrowers) can be accepted.
Please see our dedicated Joint Borrower Sole Proprietor page for full details.
Visit our Calculators page for our JBSP calculator.
Last updated: 3 December 2025
Value: Accepted
Criteria Policy Notes:
Available on the Joint Borrower Sole Proprietor product range
We can consider First Time Buyer applications up to 95% LTV and up to 4 applicants (2 owners and 2 supporting borrowers).
Please see our dedicated Joint Borrowers Sole Proprietor page for full details.
Visit our Calculators page for our JBSP calculator
Last updated: 3 December 2025
K
Value: Acceptable
Criteria Policy Notes:
Properties with 2 kitchens can be accepted on a case-by-case basis and are subject to valuer's comment.
Last updated: 3 December 2025
L
Value: Acceptable
Criteria Policy Notes:
We accept leasehold properties, including share of freehold. Leases must have at least 60 years remaining at the end of the mortgage term.
We can consider leasehold houses, provided the lease terms are not excessive.
Last updated: 3 December 2025
Value: Acceptable
Criteria Policy Notes:
We offer a range of retirement products for older applicants.
We can use earned income up to the age of 75.
Lending beyond the age of 80 at the end of the term may be accepted at underwriter descretion.
We use ONS life expectancy data to determine the maximum mortgage term.
Last updated: 3 December 2025
Value: Acceptable
Criteria Policy Notes:
Please see our dedicated Lending into Retirement Downsizing page for full details.
Last updated: 3 December 2025
Value: Acceptable
Criteria Policy Notes:
We can consider on BTL range, client must have evidence of an onward residential purchase.
Last updated: 3 December 2025
Value: Acceptable
Criteria Policy Notes:
Please see our dedicated Limited Company Buy-to-let page for full details.
If the property is in Wales, please see the 'Wales' category for full details.
Last updated: 3 December 2025
Value: Not Accepted
Criteria Policy Notes:
Last updated: 3 December 2025
Value:
Criteria Policy Notes:
Self Employed, Contractor, Expat Residential, JBSP, RIO and LIR:
We apply a maximum LTI of 4.49x.
We may consider up to 5.0x LTI at underwriter discretion where: Sole income is at least £50k or joint income is at least £80k and maximum LTV is 80%.
Owner Occupied, First Time Buyer and Self Build
If income is below £50k (sole) or £80k (joint): Max LTI =4.49x
If income meets/exceeds £50k (sole) or £80k (joint):
LTV > 90%: Max LTI = 4.49x
LTV 85%-90%: Max LTI = 5.0x
LTV <85%: Max LTI = 5.5x
Professional Income Boost Product
Affordability driven, with borrowing capped at 6.0x LTI.
Minimum income: £30k for the professional applicant (sole), £50k minimum for joint applications.
At least one applicant must meet our professional criteria.
Premier Income Product
No maximum LTI applies, minimum income of £150k (sole or joint)
Income Assessment notes
Income eligibility is based on total gross income before any haircuts.
For affordability calculations, we apply haircuts where relevant.
Last updated: 3 December 2025
Value: England and Wales
Criteria Policy Notes:
We have no postcode restrictions within England and Wales. Please see 'Wales' category for full details.
We do not lend in Scotland or Northern Ireland.
Last updated: 3 December 2025
M
Value: Acceptable
Criteria Policy Notes:
We can accept up to 50%.
Must be supported by a court order and child must be 13 or under.
Last updated: 3 December 2025
Value: Acceptable
Criteria Policy Notes:
Last updated: 3 December 2025
Value: Acceptable
Criteria Policy Notes:
We can use 100% of basic salary on confirmed return to work. Must be confirmed by employer.
We require the following:
Proof of income:
Latest payslip and P60 (where applicable)
The last payslip before maternity/parental leave, showing full basic salary
Evidence of alternative funds (e.g. savings) if income during leave is not enough to cover mortage payments and living costs
Confirmation of return-to-work plans:
If the applicant is returning on the same terms, we require written confirmation from the employer.
If the applicant is returning on revised hours or different terms, we require a letter confirming the new working arrangements.
Affordability Checks:
Anticipated childcare costs must be included in the affordability calculator. If no childcare costs apply, an explanation and details of arrangements are required.
Last updated: 3 December 2025
Value: 80 years
Criteria Policy Notes: Underwriter's discretion can be applied over the age of 80 at the end of the mortgage term, but this is subject to supporting rationale.
We can only accept passive or pension income for affordability if lending over the age of 75.
We do not have a maximum age for BTL. However, the mortgage term will be based on ONS statistics.
Last updated: 3 December 2025
Value:
Criteria Policy Notes:
Up to 80% LTV = £5,000,000 for Residential Premier Income products only. £3,000,000 for all other products
Up to 90% LTV = £1,000,000
Up to 95% = £500,000
Self Build: up to £4,000,000
Borrowing above this can still be considered on a bespoke basis, please contact us.
Last updated: 3 December 2025
Value: No maximum property value
Criteria Policy Notes:
Last updated: 3 December 2025
Value: 40 years
Criteria Policy Notes: Our maximum mortgage term is 40 years.
Last updated: 3 December 2025
Value: Minimum age is 21
Criteria Policy Notes: Minimum age is 21 but underwriter’s discretion can be applied to a minimum of 18 years.
For BTL applications the applicant must 21 years old.
Last updated: 3 December 2025
Value:
Criteria Policy Notes:
Residential minimum loan is £100,000
Retirement (RIO) and Lending Into Retirement Downsizing minimum loan is £30,000
BTL minimum loan is £30,000
Last updated: 3 December 2025
Value:
Criteria Policy Notes:
Minimum property value is £100,000. For HMO properties, their minimum property value is £150,000.
Last updated: 3 December 2025
Value: 5 years
Criteria Policy Notes: Our minimum mortgage term is 5 years.
Last updated: 3 December 2025
Value: Not Accepted
Criteria Policy Notes:
Last updated: 3 December 2025
Value: Not Accepted
Criteria Policy Notes:
Last updated: 3 December 2025
Value:
Criteria Policy Notes: We can accept modern methods of construction if they are BOPAS, BBA or BRE accredited.
Please contact us if this is the case.
Last updated: 3 December 2025
Value:
Criteria Policy Notes: We allow no more than one late or missed payment in the last 12 months and no more than two in the last 24 months.
Last updated: 3 December 2025
Value: Not Accepted
Criteria Policy Notes:
Last updated: 3 December 2025
Value: Not Accepted
Criteria Policy Notes:
Last updated: 3 December 2025
N
Value: Acceptable
Criteria Policy Notes: We accept lending up to 75% LTV for capital & interest and 60% LTV for interest-only or part & part.
Last updated: 3 December 2025
Value: Acceptable
Criteria Policy Notes: We accept lending up to 95% LTV for capital repayment basis and 70% LTV for interest-only.
Last updated: 3 December 2025
Value: Acceptable
Criteria Policy Notes:
We accept warranties from the following providers:
• Compariqo
• BW Build Warranty Group
• CADIS
• NHBC
• LABC
• Premier Guarantee
• ICW Limited
• Buildzone
• Castle 10/ Checkmate
• Buildassure
• One Guarantee
• Global Home Warranties
• Q Assure
• Protek
• Advantage HCI
• Ark Residential Insurance
• *Zurich (*historical)
Last updated: 3 December 2025
Value: Acceptable
Criteria Policy Notes: If a non-borrowing occupier will live in the property, we require an additional occupier form or letter completed before completion.
If part or all of the deposit comes from a non-borrowing occupier, they must be added as a mortgage applicant, as they will hold an interest in the property.
Last updated: 3 December 2025
Value: Acceptable
Criteria Policy Notes: We may consider builders incentives, please contact us if this is the case.
Last updated: 3 December 2025
Value: Considered
Criteria Policy Notes: We may consider Non-standard construction, by exception. Please contact us if this is the case.
Last updated: 3 December 2025
Value: Acceptable (for Expat products only)
Criteria Policy Notes: For Expat products only, we can accept non-UK tax residents if they provide tax returns evidencing residency and tax payable.
The affordability calculator must not be used for non-UK tax residents. Please contact us in these instances.
Foreign income is only considered for Expat BTL cases.
Last updated: 3 December 2025
Value: Not Accepted
Criteria Policy Notes: We do not lend in Northern Ireland.
Last updated: 3 December 2025
O
Value: 6 months
Criteria Policy Notes: Our offers are valid for 6 months. We can provide an extension, if required, this is subject to underwriter's discretion. We may require further supporting documentation.
Last updated: 3 December 2025
P
Value: Acceptable
Criteria Policy Notes: For applicants over the age of 75, we only consider passive or pension income for affordability.
Underwriter discretion may apply for self-employed applicants with no active day-to-day involvement in the business provided this is confirmed by the company accountant.
Last updated: 3 December 2025
Value: Acceptable
Criteria Policy Notes: We allow our products to be ported to a new property, except for self-build.
The sale of the current property and purchase of the new property must complete simultaneously.
The new loan must meet our lending criteria and is subject to affordability and underwriting assessment.
Porting cannot be used for a property already owned by the borrower.
All porting transactions must be completed directly through Saffron, we cannot process these via intermediaries.
Last updated: 3 December 2025
Value: Acceptable
Criteria Policy Notes:
A portfolio landlord has 4 or more mortgaged BTL properties.
ICR on Society-financed properties:
Re-mortgage no capital raising: Rental cover 125% of pay rate
Re-mortgage capital raising and new BTL: Rental cover 140% of either pay rate +2% or 5.5%, whichever is higher
5 Years fixed rate: Rental Cover 140% of pay rate
All other BTL assets in the portfolio (not financed by the society) must meet rental cover of at least 125% of pay rate both individually and collectively.
Limits:
Max 10 properties in aggregate but with a maximum exposure of £3m to any borrower.
Max LTV 75% (including fees) per property
Exceptions considered case by case with alternative income
Documentation:
Property Portfolio Form required at FMA stage.
Must include all personal and business properties, converted to PDF and uploaded.
Last updated: 3 December 2025
Value: Acceptable
Criteria Policy Notes: We allow applicants who are in their probationary period provided they have a minimum of 2 years employment history.
Last updated: 3 December 2025
Value:
Criteria Policy Notes: Product fees vary between products, please refer to specific products details in our product guide.
Last updated: 3 December 2025
Value: Acceptable for existing SBS customers only
Criteria Policy Notes: Retention products are available only to existing SBS customers.
We cannot switch the following to a new product:
Commercial properties
Mortgages with an arrears ratio of greater than 1.0 in any month over the last 12 months. (Underwriter's discretion may apply in exceptional cases)
Properties let without consent or suspected of being let without consent.
Properties let with consent must remortgage to Consumer BTL at the end of the term.
BTL mortgages occupied by the borrower with consent must remortgage to residential at term end.
Mortgages currently in breach of contract
Shared ownership properties.
Last updated: 3 December 2025
Value:
Criteria Policy Notes:
Visit our Professional Income Boost product page for full details.
Last updated: 3 December 2025
Value:
Criteria Policy Notes:
Documentation Requirements
Employed:
We require the last month's payslip as a minimum.
If using non-guaranteed income (commission, bonus, overtime): we require the latest 3 months' payslips, 3 months' bank statements and P60. For Expat residentials we require the latest 3 months' bank statements.
Self-Employed:
Sole Trader/Partnership: We require the last 2 years' SA302s or online submitted tax returns, with tax year overviews.
For self-employed products, we require 1 year audited accounts, plus projection from a qualified accountant. We send the reference request.
Limited Company:
Using salary and dividends, up to 80% LTV: We require the last 2 years' SA302s or tax returns, with overviews.
Above 80% LTV: We require the last 2 years' audited accounts and tax calculations.
Using net profit: last 2 years' audited accounts and tax calculations.
For self-employed products, also require 1-year projections from a qualified accountant.
Contractors:
We require the current contract.
Latest 3 months bank statement and payslips/invoices showing invoice credits.
CV outlining previous employment history.
If eligible for our standard range, CV or income evidence showing 2 years' continuous contracting history.
Additional documents may be required, at underwriter discretion.
Last updated: 3 December 2025
Value: Acceptable
Criteria Policy Notes:
We accept Studio flats; subject to valuation and the internal floor area must not be less than 35 square metres; there must be a kitchen facility and a separate bathroom.
We accept Ex-Local Authority flats. We can consider these up to 75% LTV (capital and interest) or 60% LTV (interest-only). Subject to underwriting and valuation.
Unacceptable properties:
Freehold flats
Properties deemed uninhabitable
Freehold Maisonettes and Coach Houses
Retirement Properties
Sheltered Housing
Mobile Homes
Houseboats
Holiday Lets
Properties with guaranteed rental schemes
Last updated: 3 December 2025
R
Value: Acceptable
Criteria Policy Notes:
We can consider applications from applicants who have remortgaged within the last 6 months.
Please contact us if this is the case.
Last updated: 3 December 2025
Value: Acceptable
Criteria Policy Notes:
If the property is in Wales, the letting must be in the form of:
A Standard Contract within the meaning of the Renting Homes (Wales) Act (RHW Act) using the model form published by the Welsh Government.
The Standard Contract must be for a minimum of 6-months and a maximum of 2 years to a single household
All contract holders must receive a written statement as required by the RHW Act before the end of the period of 14 days starting with the occupation date.
Written statements must be in the model form published by the Welsh Government.
Written statements must exclude succession rights.
Written statements must prohibit sub-occupation contracts
For the avoidance of doubt, Secure Contracts are prohibited.
Last updated: 3 December 2025
Value:
Criteria Policy Notes:
We can consider rental profit showing on SA302s for affordability at 50%. For professional landlords, 90% of rental profit can be considered for affordability, at underwriter's discretion.
Last updated: 3 December 2025
Value: Acceptable
Criteria Policy Notes:
Please refer to our Interest Only policy for guidance, here.
Last updated: 3 December 2025
Value: Not acceptable if it affects the resaleability of the property.
Criteria Policy Notes:
Please contact us if this is the case.
Last updated: 3 December 2025
Value: Not Accepted
Criteria Policy Notes:
Last updated: 3 December 2025
Value: Not Accepted
Criteria Policy Notes:
Last updated: 3 December 2025
S
Value: Acceptable
Criteria Policy Notes:
We can consider short-term contractors, including those employed via an umbrella company.
We calculate income as: Daily rate x 5 x 48.
Requirements:
3 months' bank statements
3 months' invoices
A CV confirming previous work experience
A minimum of 2 years' employment history
At least 3 months' contracting history, supported by the above invoices and bank statements
For Day Rate, CIS or Zero Hour Contractors, please see the relevant category.
Last updated: 3 December 2025
Value: Acceptable
Criteria Policy Notes:
We can consider applicants who have at least 2 years' experience within the same type of employment.
Product Eligibility
Contractor product range, this is suitable for applicants with less than 2 years' continous contracting history.
Standard residential range, this is available when the applicant has more than 2 years' continous contracting history. (CV or income evidence required)
Requirements
We require at least 1 year of industry experience.
Last 3 months' CIS payslips and corresponding bank statements.
Income will be based on the average of the last 3 months' CIS slips.
For standard products, evidence of 2 years continuous contracting history.
Last updated: 3 December 2025
Value: Not Accepted
Criteria Policy Notes: We do not lend in Scotland.
Last updated: 3 December 2025
Value: Not Accepted
Criteria Policy Notes:
Last updated: 3 December 2025
Value: Not Accepted
Criteria Policy Notes: We cannot consider a case where there is a second charge on the property unless the applicant is capital raising to pay off the second charge.
Last updated: 3 December 2025
Value: Acceptable
Criteria Policy Notes:
Last updated: 3 December 2025
Value: Acceptable
Criteria Policy Notes: We accept Self-Build projects for applicants who want to live in the property.
Please see product details and criteria here
Last updated: 3 December 2025
Value: Not Accepted
Criteria Policy Notes:
Last updated: 3 December 2025
Value: Acceptable
Criteria Policy Notes: We accept Sole traders, Partnerships and Limited Company directors.
Income we consider:
Sole Trader: Net profit.
Partnership: Share of net profit and/or salary.
Limited Company (shareholding >=20%): Dividends plus drawings. If ownership is 50%, we may consider net profit after tax plus salary, at underwriter's discretion.
Other guidance:
Applicants with 1 year of accounts can be considered on our specialist self-employed product range.
A limited director who has changed trading from a sole trader can be considered without waiting 12 months of Ltd co status.
Applicants trading for over 2 years can choose a standard residential product.
Last updated: 3 December 2025
Value: Accepted
Criteria Policy Notes:
We may add back voluntary pension contributions for affordability. Please refer to your BDM.
If the applicant is a minimum 50% shareholder, we may consider Net Profit After Tax plus salary for affordability.
Income Trends
For rising or falling income we usually use the latest year's figures.
If income has increased by more than 25%, the case must be placed on our specialist Self-Employed product range, regardless of trading length.
For fluctuating income, we will typically use an average over the available years.
Change of Trading Style
A Ltd Company Director who has moved from sole trader to limited company can be considered without waiting 12 months, provided the trading history is continous.
Product Eligibility
If the applicant has more than 2 years of trading with finalised accounts, they can apply for a standard residential product - unless their income has increased by more than 25% in the last year.
Applicants wih only 1 year of trading, or with a rise in income over 25% must apply on the Self-Employed product range:
Last updated: 3 December 2025
Value: Accepted
Criteria Policy Notes:
We assess income using the applicant's Net Profit.
Income Trends
For rising or falling income we usually use the latest year's figures.
If income has increased by more than 25%, the case must be placed on our specialist Self-Employed product range, regardless of trading length.
For fluctuating income, we will typically use an average over the available years.
Product Eligibility
If the applicant has more than 2 years of trading with finalised accounts, they can apply for a standard residential product - unless their income has increased by more than 25% in the last year.
Applicants wih only 1 year of trading, or with a rise in income over 25% must apply on the Self-Employed product range:
Last updated: 3 December 2025
Value: Acceptable
Criteria Policy Notes: We consider a service charge of less than 1% of the property value acceptable. Service charges over 1% are considered on a case-by-case basis.
Please contact us if you require further information.
Last updated: 3 December 2025
Value: Not Accepted
Criteria Policy Notes:
Last updated: 3 December 2025
Value: Not generally accepted
Criteria Policy Notes: Unless applicant is remortgaging to purchase 100% share of the property.
Last updated: 3 December 2025
Value: Not Accepted
Criteria Policy Notes:
Last updated: 3 December 2025
Value: Acceptable
Criteria Policy Notes: We can consider shift allowance for affordability:
Non-guaranteed: up to 75% of additional/secondary income from the previous tax year subject to underwriter discretion. 50% taken as standard.
Guaranteed: up to 100%, subject to underwriter discretion.
For all additional or secondary income we assess both the stability of past payments and the future viability of the income.
Last updated: 3 December 2025
Short term Contractors (including contractors employed under an umbrella company contract);
- Copy of contract and
- 1 months bank statements and 1 months invoices; and
- CV confirming applicants previous work experience
- We do not have a minimum income for Daily Rate contract workers. Income to be calculated as Daily Rate x days worked (max 5) x 48.
- Applicants must have 2 years’ employment history, a minimum of 3 months contract history.
- If they have been contracting continuously for more than 2 years, a standard product can be chosen
Value: Acceptable
Criteria Policy Notes: Properties in England must be let out on an AST (6-24 months)
Last updated: 3 December 2025
Value: Acceptable
Criteria Policy Notes: Personal small holdings are acceptable, if there is any commercial element we would be unable to consider.
Last updated: 3 December 2025
Value: Acceptable
Criteria Policy Notes: We accept leased and owned solar panels. The conveyancer must confirm on/or before completion of the mortgage that the solar panels fitted comply with CML-BSA guidance and minimum requirements.
Last updated: 3 December 2025
Value: Not Accepted
Criteria Policy Notes:
Last updated: 3 December 2025
Value: Not Accepted
Criteria Policy Notes:
Last updated: 3 December 2025
T
Value: Not Accepted
Criteria Policy Notes:
Last updated: 3 December 2025
Value: Acceptable
Criteria Policy Notes:
BTL Tenancy Requirements
England:
Properties must be let on an Assured Shorthold Tenancy (AST) for 6-24 months to a single household.
If the property is not currently let, we require a letter from a local estate agent confirming the expected rental figure (this must be supported by the valuation).
Regulated BTLs (let to family members) can be considered, provided the mortgage is affordable.
Corporate tenancies are accepted. HMO properties must not be let on a single contract without prior agreement by us.
Student lets can only be accepted on HMO applications.
Wales:
If the property is in Wales, the tenancy must comply with the Renting Homes (Wales) Act and be:
A standard contract using the Welsh Government model form.
For a minimum of 6 months and maximum of 2 years to a single household.
Supported by a written statement (model form) provided to the contract holder within 14 days of the occupation.
The written statement must:
Exclude succession rights
Prohibit sub-occupation contracts.
Secure contracts are not permitted.
Last updated: 3 December 2025
Value: Acceptable
Criteria Policy Notes:
We can consider tenants in common, subject to underwriting and advice from the conveyancers involved in the mortgage transaction
Last updated: 3 December 2025
Value: Acceptable
Criteria Policy Notes:
We accept both freehold and leasehold properties (excluding freehold flats).
Additional criteria:
Share of freehold can be considered.
Leasehold properties must have been at least 60 years remaining at the end of the mortgage term.
We can also consider cases where the lease is being extended to a satisfactory term as part of the mortgage completion.
Last updated: 3 December 2025
Value: Acceptable
Criteria Policy Notes:
We can accept new timber frame properties subject to valuer's comments.
Last updated: 3 December 2025
Value: Acceptable
Criteria Policy Notes:
We can use personal income to cover an ICR shortfall where all of the following apply:
The anticipated rental income achieves a minimum ICR of 110% and either, at least one applicant has a minimum income of £75,000 or multiple applicants have a combined income of over £100,000.
A fully completed income and expenditure planner is provided, confirming the rental shortfall is affordable.
Last updated: 3 December 2025
Value: Acceptable
Criteria Policy Notes: Can run simultaneously with a mortgage application, terms must be highlighted to the underwriters at DIP stage.
Last updated: 3 December 2025
Value: Not Accepted
Criteria Policy Notes:
Last updated: 3 December 2025
U
Value: Not Accepted
Criteria Policy Notes:
Last updated: 3 December 2025
Value: Acceptable
Criteria Policy Notes:
We can accept no more than two late or missed payments within the last 24 months. Please note that applicants must also have a minimum Experian credit score of 800.
Last updated: 3 December 2025
V
Value:
Criteria Policy Notes:
Our valuers panel manager is Connells. Basic mortgage Valuation fees are listed on the website under the Valuation fees section.
Please note that we instruct valuation on submission of a full mortgage application (excluding Self Build)
Last updated: 3 December 2025
Value: Acceptable
Criteria Policy Notes:
We can consider vendor-gifted deposits if it's from their existing landlord. We will not accept any other scenarios of vendor-gifted deposits.
Last updated: 3 December 2025
Value: Acceptable
Criteria Policy Notes:
We accept applicants on the following Visas who have resided in the UK for a minimum of two years:
• Skilled Worker
• Health & Care Worker
• Global Talent
• Spousal
• Pre-settled status
Above 75% LTV the applicant needs a minimum income of £75,000. Maximum LTV 90%.
No minimum remaining term of current Visa.
Last updated: 3 December 2025
W
Value: Acceptable
Criteria Policy Notes:
We lend for residential and BTL properties in Wales.
The letting must be in the form of:
A Standard Contract within the meaning of the Renting Homes (Wales) Act (RHW Act) using the model form published by the Welsh Government.
The Standard Contract must be for a minimum of 6-months and a maximum of 2 years to a single household
All contract holders must receive a written statement as required by the RHW Act before the end of the period of 14 days starting with the occupation date.
Written statements must be in the model form published by the Welsh Government. Written statements must exclude succession rights.
Written statements must prohibit sub-occupation contracts
For the avoidance of doubt, Secure Contracts are prohibited.
Last updated: 3 December 2025
Value: Acceptable
Criteria Policy Notes:
We accept warranties from the following providers:
• Compariqo
• BW Build Warranty Group
• CADIS
• NHBC
• LABC
• Premier Guarantee
• ICW Limited
• Buildzone
• Castle 10/ Checkmate
• Buildassure
• One Guarantee
• Global Home Warranties
• Q Assure
• Protek
• Advantage HCI
• Ark Residential Insurance
• *Zurich (*historical)
• ABC+ Warranties
Last updated: 3 December 2025
Value: Not Accepted
Criteria Policy Notes:
Last updated: 3 December 2025
Z
Value: Accepted
Criteria Policy Notes: We can consider if the applicant has a minimum of 1 years history of working experience on a zer hour contract. It can be with different employers.
If they have been contracting continously for more than 2 years, a standard product can be chosen, subject to the CV or income evidence.
We require the latest P60 with 3 months payslips and 3 months bank statements.
If both applicants are zero hours contractors, we are able to consider the second applicants income at 75% providing they have 9 months experience as a zero hour contractor, subject to underwriters discretion.
Last updated: 3 December 2025