Here are the latest updates from the Suffolk Building Society. These products are available via our direct to lender mortgage club which offers you payment on completion as well as specialist mortgage support and more. Click here for a full list of Suffolk products.
New Criteria – Topslicing launch & affordability improvements for Expats
On the much anticipated budget day, there are 2 exciting enhancements to criteria from Suffolk BS.
With immediate effect.
- Launch of Topslicing for UK & Expat BTL.
Min of 125% rental cover against product rate to be eligible for top slicing
Max 2 applicants (JBSP allowed)
Sole Applications min personal income £40,000Joint
Applications min joint income of £65,000
For Expat BTL Top Slicing, personal income must be in one of accepted currencies
- Improvements to affordability for applicants who pay no tax/NI.
We will no longer deduct tax and/or NI when it isn’t payable on expat cases.
Clients living in Bahrain, Bermuda, Brunei, Kuwait, Qatar, Saudi Arabia and UAE?
Note: acceptable earned income currencies for Expat Residential and topslicing cases: Australian Dollar, Canadian Dollar, Danish Krone, Euro, Hong Kong Dollar, Kuwaiti Dinar, New Zealand Dollar, Norwegian Krone, Qatari Riyal, Saudi Riyal, Singapore Dollar, Sterling, Swedish Krona, Swiss Franc, UAE Dirham and US Dollar.