You are here: Home - News -

Halifax changes non-UK nationals policy; BM Solutions cuts rates – round-up

  • 26/01/2024
  • 0
Halifax changes non-UK nationals policy; BM Solutions cuts rates – round-up
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.

There are 0 Comment(s)

You may also be interested in