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Lending Criteria.

Our criteria is split into residential and buy to let, so use the options below to find the criteria you need.

Residential Buy To Let

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Help to Buy Equity Loan (2013-2021)

Indicates if we can accept Help to Buy Equity Loan (2013-2021) applications.

We do not accept ‘Help to Buy Equity Loan’ applications

Help to Buy Equity Loan (2021-2023)

Indicates if we can accept Help to Buy Equity Loan (2021-2023) applications.

We do not accept ‘Help to Buy Equity Loan’ applications

Help to Buy Equity Loan Remortgage

Indicates if we are able to potentially accept remortgage applications where a Help to Buy Equity Loan exists and will continue to exist on completion of the remortgage.

We do not accept ‘Help to Buy Equity Loan’ applications

Help to Buy Equity Loan Remortgage with Capital Raising

Indicates if we are able to potentially consider remortgage applications with an element of capital raising where there exists a help to buy equity loan and it will continue to exist on completion of the remortgage.

We do not accept ‘Help to Buy Equity Loan’ applications

Help to Buy Wales

Indicates if we can accept Help to Buy Wales applications.

Suffolk Building Society does not accept ‘Help to Buy Equity Loan’ applications

Help to Buy: Equity Loan Rate for Affordability

Indicates if we will take the ‘Equity Loan’ portion as a commitment for affordability assessment and if so at what rate of interest is it calculated.

We do not accept ‘Help to Buy Equity Loan’ applications

Historic CIFAS Record (Years)

Indicates if we can potentially accept residential applications from an applicant that is on the CIFAS register and if so, what time must have passed in order for us to potentially accept a new mortgage application from the customer.

We can potentially consider these customers that are registered on the CIFAS register. This would be subject to underwriter approval, please refer all cases to our Business Development Team to discuss further.

House/Bungalow Maximum LTV (New Build)

Indicates the maximum potential loan to value (LTV) we can accept where the property type is a NEW BUILD house/bungalow.

We can accept New Build houses and bungalows up to 95% LTV.

For 95% specifically:

Max 4.5 x income for all income levels including where applicant(s) earn over £100,000.
No gifted deposits unless applicants can evidence they have been renting for min the last 12 months

House/Bungalow Maximum LTV (Standard)

Indicates the maximum potential loan to value (LTV) we can accept where the property type is a house or bungalow and it is NOT considered a new build.

We can accept houses and bungalows up to 95% LTV.

For 95% cases specifically:

Max 4.5 x income for all income levels including where applicant(s) earn over £100,000.
No gifted deposits unless applicants can evidence they have been renting for min the last 12 months