Key criteria

Expats and overseas residents remortgaging or purchasing buy-to-let properties in England, Wales or the Scottish mainland.

Please click here to start the application. Please note, as the application is for non-UK residents the documentation requirements may be more extensive than for similar applications for UK residents to other banks. Please see packaging guidelines for full information.

• Key features
  • Residential mortgages available from £100,000 to £5 million.
  • Family-assisted mortgages up to 100% LTV available through the Guernsey/Jersey 100% mortgage proposition 
  • Gifted deposit and gifted equity considered 
  • Up to 100% of regular bonus, commission and overtime income can be considered where evidenced and sustainable 
  • Contractor and self-employed applicants welcomed
  • Capital raising considered for a range of acceptable purposes (including debt consolidation, home improvements, refinance of bridging or development finance)
  • Debt consolidation considered subject to affordability and policy requirements 
  • Remortgages from bridging finance and development finance can be considered
  • Up to 90% LTV available on standard residential lending, subject to loan size and product criteria
• Client eligibility
  • Minimum age 18 at application 
  • Standard maximum age at end of term 70
  • Lending beyond age 70 may be considered up to 75
  • Maximum 2 applicants per application 
• Income & employment criteria
  • Sole income minimum £36,000 gross 
  • Joint income minimum £52,000 gross combined 
  • Permanent employment required and probation passed before completion 
  • 3 months' payslips and 3 months' bank statements required
  • Self-employed applicants require minimum 24 months trading history and two year's income evidenced by tax assessments or accountant's certificate  
  • Contractor applicants acceptable (assessed as self-employed, 24 months history required, weekly rate x 46 - 50 where holiday paid)
• Acceptable income
  • Basic salary
  • Car, housing, shift, mortgage subsidy and pension allowances 
  • Regular bonus, commission and overtime may be considered up to 100% where guaranteed or sustainable (otherwise 50% may be considered) 
  • Secondary income considered where sustainable 
  • Pension and projected retirement income may be considered subject to evidence
  • Maintenance by court order considered 
• Affordability criteria
  • Full affordability assessment required 
  • Loans and HP commitments, childcare, maintenance and school fees assessed at 100% of payment 
  • Credit card liability assessed at 3% of balance 
  • Applicant must demonstrate positive disposable income after stressed mortgage payment
• Loan criteria
  • Minimum term 3 years.
  • Maximum term 45 years.
  • Minimum loan £100,000 (GHA minimum loan £90,000)
  • Maximum loan £5,000,000.
  • Additional borrowing from £25,000 considered  
• Maximum LTV
  • Up to £1,000,000 loan size: up to 90% LTV
  • £1,000,001 to £1,250,000: 80% LTV
  • £1,250,001 to £5,000,000: 70% LTV
  • Family-assisted lending available up to 100% LTV subject to guarantee requirements 
• Interest only
  • Minimum loan £500,000
  • Maximum 65% LTV
  • Maximum term 25 years 
  • Suitable repayment vehicle required 
• Additional lending purposes
  • Purchase 
  • Remortgage 
  • Capital raising 
  • Debt consolidation 
  • Home improvements 
  • Further advances 
  • Remortgage of bridging finance 
  • Remortgage of development finance 
• Property criteria

  ---

  • Channel islands residential properties only 
  • Minimum property value £100,000
  • Listed properties by referral 
  • Property above or adjacent to commercial property by referral only 
  • Leasehold properties require minimum 85 years unexpired term 
  • First registered charge required 
  • Property must be adequately insured 
• Deposit criteria
  • Savings 
  • Sale of a property 
  • Sale of investments 
  • Inheritance 
  • Capital raising from anther property 
  • Gifted deposits accepted
  • Gifted equity from immediate family members considered 
• Unacceptable properties
  • Commercial properties 
  • Retirement properties with occupancy restrictions 
  • Houseboats, mobile homes, caravans and park homes 
  • HMOs and Multi unit blocks 
  • Studio flats under £350,000
  • Properties below 30sqm
• Credit history
  • Bankruptcy, IVA, Trust Deed and Debt Arrangment Scheme not accepted
  • Previous repossessions not accepted
  • Some minor historical credit impairments may be considered subject to approval