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Criteria wrap-up: Affordability
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Criteria wrap-up: Affordability
Maximise your clients borrowing power
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Helping you to help more specialist customers
with our Residential affordability criteria.
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With affordability assessed, we'll accept up to 6 x Loan to Income (LTI) across our Residential product range.
We can also lend up to 90% LTV on our 7-year fixed Residential range.
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One applicant must earn at least £15,000. Benefit income should not typically be considered the main source of income.
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We'll accept up to 4 applicants, with all incomes considered.
Joint Borrower/Sole Proprietor includes:
Parents (including stepparents and parents of a spouse), children (including step or adopted), siblings, grandparents, aunts, uncles, cousins and nieces/nephews
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Income and Income Sources
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Employment History:
No minimum time in employment. Applicants need to provide at least 3 months' employment history
Child Benefit, Guardians Allowance and Child Tax Credits considered up to 100%
We'll also consider regular overtime and Tips (TRONIC) income up to 75% and second job income up to 100%
For the full list of income sources, click here
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Take a look at our Affordability Calculator below!
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V-Hub has the answer!
Get in touch with the V-Hub, where you can speak directly to an Underwriter.
Call: 03300 246 246
email: v-hub@vidahomeloans.co.uk
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