Helping Hand
Affordability is an issue for many first time buyers. This is why we’ve developed Helping Hand, which may give your eligible clients the option of borrowing a higher loan amount when taking a 5 or 10 year fixed rate product. In fact, first time buyers could borrow up to 20% more.
Eligibility
Below you'll find the eligibility criteria for your clients. The availability of Helping Hand is subject to many factors, including, but not limited to, credit score, how much debt the applicant has, etc.
All applicants must be first time buyers
5 and 10 year fixed rates available at all LTV tiers up to 95%
Minimum income of £30k sole applicant, £50k for joint applicants. All income sources (except self-employed income) can be included.
The maximum lending limits depend on the application. See our LTV and maximum loan size criteria.
Meeting this criteria doesn't guarantee your clients will be offered Helping Hand.
We won’t accept applications with the following:
Self-employed income for either applicant
In conjunction with any scheme or non-standard ownership type (for example Deposit Unlock, First Homes, Shared Ownership, Genuine Bargain Price, Right to Buy and Help to Buy)
Interest Only
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