Bluestone Mortgages has relaxed its lending standards, including non-British nationals who have not yet received indefinite leave, but has shown long-term stability through living and employment in the UK.
Professional lenders for Shawbrook retail mortgages say applicants working in the UK or health and care visas may now qualify for up to 90% of the loan to a residential mortgage, but comply with the following criteria:
Steve Griffiths, Shawbrook’s retail mortgage, said: “We are committed to developing our standards in a way that reflects the real lives of today’s borrowers, including those who contribute to the UK economy, but may face unnecessary obstacles.
“These updates help open the door to clients who build the future in the UK and contribute to major sectors of the economy, but often face limited mortgage options.
“It’s about recognizing financial stability in a broader context and providing brokers with greater flexibility to serve a wider client base.”
