We’ve made positive changes to our lending criteria for Foreign National applicants. We’re also enhancing our Interest Only proposition. These changes apply from Monday 17 March.
Summary of changes:
- Interest Only - The maximum LTV has been increased to 75% LTV.
- Foreign Nationals - The maximum LTV has been increased to 85% LTV. We’ve also removed the need for all applicants to provide a 25% deposit from their own resources. Minimum income requirements of £50,000 for individual applicants or £75,000 for joint applicants will apply. For applications not meeting these criteria, the maximum LTV is 75%.