Halifax is lowering the minimum income requirement for its non-UK nationals meaning “additional customers” can be considered for a mortgages without requirements for proof of permanent right to reside.
The minimum income requirement for non-UK nationals will be £75,000 for sole applicants and for joint applications, one will have an income of £75,000 or more or the combined income of both applicants will be £100,000 or more.
The lender said that it would use the total of all earned incomes towards this requirement.
The proof of permanent right to reside is not needed for non-UK nationals where the customer, or a customer on a joint application, has lived in the UK for more than five years or the loan to value is lower than or equal to 75 per cent or the customer meets the minimum income requirement.
BM Solutions lowers fixed rates
BM Solutions has lowered selected fixed rates by up to 0.14 per cent, with no-fee two-year fixed rates starting from 5.02 per cent and fee-free five-year fixed rates beginning from 4.34 per cent.
Two-year fixed rates with a £3,999 fee are priced from 4.48 per cent and five-year fixed rates with the same fee start from 4.05 per cent.
The lender has also brought out products with £1,499 fee and Let to Buy products.
The £1,499 products start from 4.5 per cent for two-year fixed rates and 4.13 per cent for five-year fixed rates.
Let to Buy deals are priced from 4.53 per cent for fee-free deals, 4.32 per cent for £1,499 fee and 4.1 per cent for £3,999 fee options.
In September last year, Mortgage Solutions reported that BM Solutions had launched top slicing for BTL applications.
Anna is currently the deputy editor for Mortgage Solutions and editor for Specialist Lending Solutions. She has worked as a journalist since 2019, having secured her Gold Standard NCTJ diploma from News Associates in a fast-track six-month course.
She started her career as a report at specialist publication The Insurance Insider covering a wide range of areas before joining Mortgage Solutions and Specialist Lending Solutions in 2021.
In her role, she helps put together and structure the news agenda for the day and writes up press releases, reports, interviews, analyses and exclusives across both titles. She also commissions blogs for Specialist Lending Solutions and hosts online masterclasses and in-person events across the business.
She has been shortlisted for three journalism awards, which include BIBA Journalist and Media Awards Scoop of Year Award in 2020, Headline Money Mortgage Journalist of the Year Award (B2B) in 2022 and 2023.
Prior to being a journalist, Anna worked in ecommerce across Snow + Rock, Cycle Surgery and Runners Need websites, and before that worked at specialist financial PR firm Rostrum.
In her spare time, Anna enjoys reading, seeing live music, and cooking for friends and family. When she gets a chance, she also enjoys hiking, skiing and indoor rock climbing.
