Accord will now accept Universal Credit as a source of income when assessing affordability.
Accord will now accept Universal Credit as a source of income when assessing affordability.
The lender has also reduced the minimum income requirement to £40,000 for customers seeking to borrow at 4.5x LTI and above.
More than a third of people declined for a mortgage were never referred to a specialist lender despite being eligible.
The landmark piece of legislation is set to reshape the private rental sector.
Mortgage submissions involving foreign income can be accepted, whether the applicant is an expat or a UK resident earning in a foreign currency.
Anna Lewis, commercial director at Castle Trust Bank, explores how advisers can add real value by being aware of the key regulatory, financial, and operational considerations when...
Less than half of UK homebuyers are confident that Labour will deliver on its pledge to deliver more homes.
Previously, Mayank served as director general at the UK Government, where he scaled digital pensions services for 13 million customers.
Selected first-time buyer rates are increasing by 0.11%, while others are reducing by up to 0.06%.
The average first-time buyer deposit in England is £69,000 vs. £22,800 for shared ownership.
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