About you

You can apply if you are:

• Aged over 18 years and less than 75 years old at the end of the mortgage term
• Currently living in the UK with the legal right of residency in the UK
• Able to provide address history for the past 3 years
• Employed and have been for a minimum of 6 months and able to provide your most recent payslip or self employed and able to provide your last 2 years' tax assessments
• Borrowing up to 75% of the value of the property
• Borrowing between £50,000 and £500,000 and have a clean credit history
• Applying for a mortgage term between 5 and 30 years (providing you are under 75 years at the end of the mortgage term)
• A maximum of 2 applicants, guarantors are not allowed

If your mortgage term extends beyond your anticipated retirement date we require confirmation that you will be able to meet the repayments. If you are within 3 years of your anticipated retirement date we will require documented proof that your retirement income is sufficient to repay the loan.

Acceptable repayment plans for interest only mortgages

The following forms of repayment plan are acceptable. You must ensure that the plan provides sufficient funds to repay the full amount of the interest only part of your mortgage at the end of the term.

Endowment
Pension
ISA
PEPs
Unit Trusts
OEIC’s (Open Ended Investment Companies)
Managed share portfolio of listed companies

If you intend repaying the loan through sale of your main residence this can only be considered to a maximum of 60% LTV and a minimum of £200,000 equity

If you do not have an acceptable plan in place we can only offer a repayment mortgage.

About your property

• Your property must be your main residence and located in England, Wales or mainland Scotland and of standard brick or stone and tile or slate construction
• If your property is leasehold you must have at least 30 years remaining on the lease at the end of the mortgage
• New properties must be covered by a recognised insurance scheme (NHBC, Zurich Municipal etc)
• We do not offer mortgages for Buy to Let, Right to Buy, shared ownership or equity share schemes, second homes, commercial property, building land, self-builds, or freehold flats