Related topic: Criteria

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.

The tech platform says it wants to end 'PDF Fatigue' for brokers.

Brokers can utilise the Knowledge Bank tool for faster criteria searches.

Among the headline changes is the removal of Fleet’s minimum income requirement for applicants.