See how much your client can borrow with our affordability calculators.
Overlay
On this page
We’re here to help you support more first-time buyers with their home ownership and property goals.
Why choose us?
Below is a snapshot of some key criteria:
- Customers can use gifted deposits from family, friends and other 3rd parties. Please see our Lending Criteria for more information on deposits.
- We lend up to age 75 and up to a maximum term of 40 years.
- We’ll use multiple income streams to assess affordability. This is up to 100% and includes second jobs. Please see our Income and Packaging guide for more information.
- We do a soft credit check at Agreement In Principle (AIP) to allow you to assess credit worthiness.
- You can print out an AIP certificate for your customer.
- Our Affordability Calculator will give you an accurate reflection of what your customer can borrow.
- We’ll lend up to 95% LTV on Flats and Houses.
- First-time buyers (FTBs) can purchase a Buy to Let.
At a glance
Here’s what you need to know about our first-time buyer proposition:
- Our definition of a first-time buyer is a customer who has not owned a property before.
- First-time buyer exclusive products are only available on a capital and interest basis.
- If the mortgage application is made by more than one person, one of the applicants must meet this definition in order to qualify for any first-time buyer exclusive mortgage deals.
- A customer who has a buy to let property but is now seeking to purchase a residential property does not qualify. The customer is not buying for the first-time as they have already bought a property.
