ibs logo

Give us a call on 0330 123 1073

Monday - Friday 9.00am - 5.00pm

0330 123 1073

Mon - Thu 9am - 5pm
Fri 9am - 5pm
Sat 9am - 1pm

Changes to our COVID-19 criteria

We're delighted to announce that as the government roadmap continues to take shape we can create more flexibility in our criteria surrounding COVID-19 factors such as furlough and self-employment.

Full details of the new changes are available on the website here, but in the mean time we have the key facts below:

  • We accept furloughed applicants and will take the furlough maximum amount (60%) – maximum 80% LTV.
  • We can accept self-employed applicants who have taken the 1st or 2nd Government grant – maximum 80% LTV (they must not have taken a grant since).
  • For self-employed applicants we will use the higher of Net Profit after Tax or Salary & Dividends and use an average of the last 2 years.
  • 50% of Bonus/Commission/Overtime accepted (100% if guaranteed).
  • Day rate contractors with day rate used for calculation up to 80% LTV (income assessed as self-employed  >80%).
X

Menu