Related topic: Criteria

Under the new criteria, the mortgage term can now extend beyond the supporting borrowers’ intended retirement age.

Vida is also strengthening its income criteria by increasing the proportion of Universal Credit that can be considered for affordability from 50% to 75%.

The Society is introducing top slicing on its UK and expat buy-to-let mortgages and changing the way it assesses affordability for expat residential applicants.

The Society says the criteria change is in response to the growing number of expats working on a self-employed basis who want to retain a residential base in the UK.

The lender’s interest-only criteria now require minimum equity of £200,000 outside London and the South East, down from £300,000.

An update to Foundation’s holiday let criteria allows property owners to reside in their properties for up to 60 days per year.

Chris Blewitt, head of mortgage distribution at Darlington Building Society, explains why consistency can be useful - the broker already knows the client, and if they also understand...

As part of the changes, West One has introduced a new credit tier, Premier Plus, for purchase, remortgage and shared ownership customers.

As part of the changes, CHL will now accept applications for first-time buyers.

These changes are designed to streamline the application process for intermediaries.