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0800 316 2224

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0800 316 2224

Criteria

Great reasons to work with Clever Lending:

  • Personal service from a passionate team
  • Ability to find solutions – outside the box thinking
  • Positive outcomes
  • Multiple lending options

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.

Second Charge Mortgages – Buy to Let

  • 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.

Third Charge Mortgages

  • Loans up to £50,000
  • LTV to 140%
  • Rates dependent on Credit checks and LTV
  • Lending available on Help to Buy and Shared ownership

Bridging – Residential Property

  • 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%

Bridging – Commercial Property

  • Semi-Commercial up to 75% LTV
  • Commercial up to 70% LTV
  • Rates from 0.78% per month

Commercial Mortgages

  • 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

Specialist Buy to Let and Residential Investment

  • Available up to 80% LTV
  • Multiple units on one title
  • HMO/student lets – investment valuation/brick and mortar valuation
  • Holiday lets/Serviced accommodation
  • Portfolio finance
  • Blocks of flats
Criteria correct as of October 29, 2024

More information

You can call the team
on 0800 316 2224

To submit an enquiry to the commercial and bridging team, click here

For general contact,  click here

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This website is intended for intermediaries only. We are a credit broker not a lender.

© 2024 Financial Makeover Limited. This website is operated by Financial Makeover Limited. Clever Lending is a trading name of Financial Makeover Limited, a limited company registered in England and Wales with registered number 6111701. Registered Office: Kempton House Kempton Way, Dysart Road, Grantham, Lincolnshire
NG31 7LE. Financial Makeover Limited is authorised and regulated by the Financial Conduct Authority (FCA Register number: 706595).

Please note commercial mortgages and some buy to let and bridging loans are not FCA regulated products.

We will be paid commission from the lender. The actual commission we receive will be confirmed in writing on the illustration.

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