First-time buyer
A smoother start to home ownership.
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Residential
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Simpler approach to adverse
Same criteria applies to all customers:
Defaults - up to 5 in 24 months
CCJs - up to 3 in 24 months
Secured arrears - up to 3 in 36 months (1 in 12 months)
DMPs satisfied > 36 months can be considered up to 95% LTV
All subject to our internal credit scoring
Product options to suit every customer
Rates from 5.66%
Range of fixed rates
AVMs available and confirmed on AIP
Faster decisions and less keying time
50% Fewer questions and automated decisions on most cases
Fairer Pricing – tailored to each customer based on credit score
Strong affordability toolkit
High LTV options
90% Max LTV on New Builds
40-year terms
Up to 6x income
Loans up to £10m
Lower upfront costs with £0 product fees, free vals and £49 assessment fee
Family Supported Deposits
First-Time Buyers who may have a thin file or adverse credit
Self-Employed customers with 1 year’s accounts who are purchasing their first home
Customers with a small deposit
A first-time buyer is an applicant/applicants who have never owned a residential property, and is purchasing a property to live in as their main residence.
The minimum deposit required is typically 5% of the property value for properties up to £2 million. However, the exact deposit required will depend on factors such as the property type, loan amount, product selected, and your client's credit profile.
Yes, we accept gifted deposits from immediate family members, subject to conditions. See criteria for more information.
We assess affordability based on the applicant’s income, credit history, deposit size and overall financial circumstances. We believe in a proactive approach to lending, which is why we’ve introduced new fairer pricing – tailored to each customer based on credit score.
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