Criteria

Great reasons to work with Clever Lending:

Second Charge Mortgages – Residential Property

Up to 100% LTV for employed and self-employed clients with no credit issues (up to 140% LTV with small loan size)
Options for day rate contractors who have been contracting for at least 12 months
Lenders will accept clients who have been on furlough, providing their recent payslip shows income is back to normal.
100% of regular bonus, commission and overtime accepted.
Up to 100% LTV for clients with 1 unit of adverse in the last 12 months
Can accept clients in a DMP/IVA with no minimum term
Mortgage payment holidays must have ended.
Rates from 3.85% for prime clients with a good credit score.

75% max LTV on unregulated BTL
Consumer BTL 110% LTV (for Employed clients only), 75% LTV for self employed
No Minimum income requirements with some lenders
Top slicing is available with certain lenders
Any payment holidays must have ended, and applicants must show they have made their current mortgage payment.

Regulated – up to 75%
Unregulated – up to 85%
Second Charge – up to 75%
BTL refurbishment – up to 85%
Auction Purchase – up to 85%
Below market value purchases – 100% of purchase price (without additional security)
70% Net loan, day 1 release, with 100% cost of works funded
100% options with additional security (i.e. other property)
Rates from 0.55% per month
Full Valuations carried out, Desktop Valuations/Drive-by valuations and AVMs now up to 75%

Available up to 75% LTV
Rates from 2.75% + Bank of England Base Rate
Trading businesses, Semi-commercial (such as a shop with a flat above), Mixed portfolio, Standard commercial property

Criteria correct as of November 21, 2024