Related topic: Criteria

The lender has also made a number of residential criteria enhancements targeted at borrowers with complex income streams.

The lender has launched a new 55% LTV buy-to-let product and enhanced interest-only flexibility for residential borrowers.

The lender has reduced rates across its residential and buy-to-let ranges by up to 0.55%.

Principality has relaxed first-time buyer eligibility at 5.5x loan to income.

The lender has increased its maximum mortgage term to 40 years and opened lending to first-time landlord borrowers.

The lender has increased flexibility on benefits income for affordability, relaxed requirements for later life lending and enhanced AVM rules for second charge loan applications.

RAW will now lend against current market value, rather than deducting a new build premium.

The changes are designed to simplify and accelerate application to offer journeys for brokers and customers.

The Society has also enhanced its tier 2 range to include more lending scenarios.

The mutual has also added support for landlord concessionary sales, housebuilder matched gifts, and director’s loan deposits.