Helping you put homeownership within reach of more people

We’re making it easier to help your clients take their first step onto the property ladder by reducing our minimum household income requirement across our FTB range and simultaneously reducing our stress rates for first time buyers.

Joint or single FTB applicants with a household income of £30,000 per year, could now borrow up to 5.5 times their earnings.

This means these clients:

• May be eligible to borrow £165,000 with an Income Plus mortgage, at 95% LTV, compared to £134,700 previously¹ (subject to standard affordability and eligibility criteria)

• Have the potential to buy a home costing £173,000 with a 5% deposit, up from £141,000 previously.¹

The FTB range has an enhanced 5 times LTI and includes our Income Plus products at 5.5 times LTI. And remember, our FTB range is available to your Self-Employed clients and only one client on a joint mortgage needs to be a FTB to be eligible!

As part of our continued commitment to provide you the best service we’ve also made some changes to our affordability calculators, including making it clearer which calculator to use for first time buyer applications.

James O’Reilly, Head of Intermediary Partnership, explains more

“Brokers want to be able to help as extensive a range of clients as possible. We’re delighted to support them by lowering our minimum earnings requirements for higher loan to income mortgages, this step provides greater flexibility where income has been an issue.

We are incredibly proud of our First Time Buyer range, including Income Plus, the combination of our expansive criteria, competitive rates and our new, reduced stress rates makes it a compelling proposition that has been designed to widen the path to homeownership for more of our partners clients in 2025.”

Just speak to your local BDM, office BDM or web chat to find out more.

¹ Based on someone earning £30,000 salary borrowing 95% LTV at a x5.5 loan-to-income ratio within the Income Plus range compared to the previous maximum loan to income level of x4.49. Income Plus mortgages are only available for first time buyers.