Important Information i

Stamp Duty Land Tax Deadline

To ensure completion can take place before the Stamp Duty Land Tax Deadline on 31st March we require solicitors to ensure the Certificate of Title has been submitted with a minimum of 5 calendar days notice and all offer conditions to be satisfied. Please also be aware that we do not accept local authority search indemnity for residential purchase transactions.

Intermediaries
Customers

Residential Criteria Guide

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Interest Only

Repayment method

Interest only or Part & Part (for Part & Part, maximum interest only element is 75%)

Minimum Loan

£500,000

Maximum Loan

£1.25m

Maximum Age

Declared retirement age or age 70, which ever is lower

Income Multiple

Maximum of 4.5x LTI

Acceptable Repayment Vehicles

Sales of mortgaged property, subject to minimum equity of £250k (70% LTV).
Sale of other UK property, subject to sufficient equity at the point of application.
Simple investment vehicles, e.g. ISAs, current value used.
UK based cash/savings, current value used.

Examples of Unacceptable
Repayment Vehicles

This list is not exhaustive, but can include:
Savings that will accumulate in the future
Pensions, including future pension projections
Gifts
Future inheritance
Sale of shares