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.

If you or your family will live in the property (regulated) – up to 75% loan to value
If you or your family won’t live in the property (unregulated) – up to 85% loan to value
Second Charge – up to 75%
Buy to let refurbishment up to 85%
Auction Purchase – up to 85%
100% options with additional security (i.e. other property)

Available up to 75% loan to value
Rates from 2.75% + The 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