Affordability criteria,
with a flexible approach
Criteria to help your clients meet affordability challenges
We understand that affordability is one of the biggest challenges in today’s market.
Whatever your clients’ source of income, with our flexible and common-sense approach to lending, we may have an option to help them with their home ownership goals.
Listen as Accord Underwriter Amanda Townshend tells us more about how our flexible approach helps clients on a zero hours contract.
Our options and propositions
- LTIs - Exclusive for first-time buyers: No minimum income requirement for all lending up to 5.5x LTI. For all other borrowers - lending available up to 4.49x LTI. For households earning £50,000 or more, lending available up to 5x LTI or 5.5x for Boost LTI products.
- Boost LTI products - For home movers and remortgagers the LTV is up to 90%, with household earnings of £50,000 or above. For first-time buyers Boost LTI options up to 5.5x are available up to 95% LTV (excluding Northern Ireland).
- 60% of variable income and 100% of 2nd jobs can be used - find out more
- Confirmed pay increases or new roles starting within the next 3 months can be considered
- Limited Company Directors - salary and share of net profit considered
- Contractors - we can consider Fixed term, Day Rate and Zero Hours contractors with track records (and in some cases from day 1).
- Joint Borrower Sole Proprietor – add an immediate family member to help clients with affordability
- And more
Real life examples
Our colleagues and brokers explain more about our criteria and how it helps your clients.
Accord underwriter Amanda Townshend explains how our Joint Borrower Sole Proprietor lending can help with affordability.
Charlie Tyler, Accord BDM, tells us more about how we helped put one of his Brokers' clients in a better financial position.
Take a look at our real-life case studies to see how our common-sense approach has helped your clients
Our website lending criteria search is easy to use and features simple categories organised into Applicant, Product, and Property, and A-Z index for quick access.