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Hints & Tips from Christine Newell

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Useful tips I have learnt this week

NatWest will consider agricultural ties but up to a maximum of 50% LTV. Earl Shilton BS (available via Brightstar) will also consider section 106 restrictions but on their standard variable rate only. Halifax will consider lending depending on the 106 restriction.  

Skipton will take employed or self-employed income up to the age of 75yrs old. This is discretionary and will be tested for plausibility. Santander will also consider taking income to the age of 75yrs old.

Return to work pay from maternity leave is considered in full by Halifax if the client and employer can confirm that the client is returning to work in the same capacity as when they left. An employer reference can be used or previous payslip taken before maternity leave commenced.

 

Skipton can add a younger age borrower to a mortgage, and then as a result the term can extend past the age of the older borrower but both clients must live at the property. Bath Building Society will also consider this.

Best regards,
Christine Newell
Mortgages Technical Director 
Paradigm Mortgage Services LLP

Please remember to discuss each individual case that you have with the Lender in question even if it does fit with some of these hints and tips as Lender criteria is subject to change sometimes at very short notice.

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