Residential Prime and Near Prime Mortgages

Find out how our new criteria will help your clients

We are pleased to announce the launch of our all-new residential proposition – this includes the introduction of Prime and Near-prime mortgage ranges.

Rates for both ranges start from 3.19% with up to a maximum 90% LTV, available for remortgages and purchases – this includes first-time buyers.

Our key changes include:

New, keenly-priced prime residential lending products, including asset-backed interest-only. Rates start from 3.19%
Three new near-prime residential ranges available exclusively via our selected partners, also priced from 3.19%
Simplification of our contractors criteria – including removal of the minimum income requirement
Self-employed customers trading for 1 year are no longer limited to professional applicants

Thanks to our improved criteria, prime and near-prime ranges, you will be provided with new opportunities to support clients looking for residential loans.

For more information on how our wider criteria could help your clients, watch our short scenario videos here.

A closer look at our prime and near-prime ranges

New Near-Prime ranges include

No value limits on CCJs, arrears or defaults
Debt Management Plans accepted where satisfactorily conducted for minimum of 12 months
Communication, Utility & Mail Order account performance ignored where the account balance is less than £500 (single or in aggregate)
Loans available from £100,000 to £500,000
Max age 85 at end of term
No minimum income for contractors
1-year self employment accepted
Application fees can be added to the loan

We’re for criteria that sound right

New criteria mean we can assist with more residential cases

Find out how our new criteria will help your clients

A closer look at our prime and near-prime ranges

New Prime range includes