A Halifax agency has announced changes to support more non-UK nationals looking to buy permanent homes in the UK.
Lenders have reduced the minimum income requirement for at least one customer to have lived in the UK for at least a year to £50,000 individually, or £75,000 jointly.
Halifax will still accept applications from non-UK customers who have lived in the UK for more than five years or have permanent residency. It can now also accept applications if they meet the new, lower minimum income requirements.
For customers who have been in the UK for less than a year, Halifax can still accept applications if they meet the previous minimum income requirements (£75,000 for individuals and £100,000 for joints), or the loan-to-value (LTV) does not exceed 75%.
