Suffolk BS makes criteria changes

Suffolk Building Society expands lending to expats

Suffolk Building Society (BS) has expanded its criteria to help support British expats living overseas, including allowing them to get a mortgage to self-build a home in the UK, and allowing self-employed expats to get a buy-to-let or holiday let mortgage.  The BS will now let expat borrowers build their own property subject to its usual self-build criteria and the appointment of a UK-based project manager to oversee the build. The mortgage is o…

Suffolk BS makes criteria changes

Suffolk Building Society has made a raft of criteria changes, including income improvement and widening family members who can gift deposits.

Suffolk BS announces seven criteria changes

Suffolk Building Society is updating its lending criteria to help more households. The society will now accept four applicants and four incomes on all UK and expat applications (except self build).  It will accept 75% of bonuses and commission, as long as the applicant has…The post Suffolk BS announces seven criteria changes appeared first on Mortgage Strategy.

Suffolk Building Society expands criteria to help more households secure mortgages

Suffolk Building Society has made seven changes to its lending criteria to support more households.  The society will now accept up to four applicants and four incomes on all UK and expat mortgage applications, except self build.  It will take 75% of bonuses and commission into account if applicants have a reasonable track record. Contractors will need only 12 months of experience, down from two years, and just three months left on their current…