Brilliant Solutions

The internet is down in our Head Office.  Staff continue to answer the phone and respond to messages but understandably response times and service standards are affected.  Please contact your Relationship Manager directly if you have any urgent issues.  Thank you.

Our office will be closed from 5pm Thursday, 20th October to 9am Friday, 21st October.
If you have any cases or enquiries that this may affect, please contact our team today. We apologise for any inconvenience.

We are currently experiencing some technical issues that are affecting our telephone lines and internet connection.

We hope to resolve this asap. Apologies for the inconvenience.

 

In honour of Her Majesty Queen Elizabeth II our offices will be closed on Monday 19th September while our staff pay their respects.

The office will re-open at 9am on Tuesday 20th September.

Suffolk Building Society Update

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 Ipswich products.

Income 101: improvements to what we’ll accept.
NEW: We now take net profit after tax plus salary

You asked….we listened!

For self employed applicants (where applicable) we will now take either net profit after tax + salary, or salary + dividends, whichever is higher.

We will use the latest years figures* if the increase is less than 20% – if more we simply use an average of the last 2 years.

*If the ’21 tax return or accounts dated 30th Dec onwards are available.

NEW: for self employed borrowers we now take net profit after tax and salary.

Great news for helping with affordability! Don’t forget we can lend up to 5.5x income if one applicant earns at least £75,000.

NEW: zero hours criteria now includes Bank Nurses.

For your zero hour clients we accept 100% of income provided there is a minimum of 18 months track record of earnings, now including bank nurses.

More income top picks…
Alongside the main areas above, here are 3 income areas we think you should know about…

1. Pension income at 100%.

  • 100% for ‘standard’ pension income.
  • For applicants over 55 we can divide 80% fund value of a SIPP/pension fund that isnt being drawn by the mortgage term and use the resulting figure in our calculations.

2. Rental income profit at 100%, investment income at 75%.

  • We’ll take non-employed strands of income, such as rental and investment incomes.

3. Child benefit, maintenance payments and tax credits all at 100%.

  • For applicants with dependent children we will take 100% of any court-ordered maintenance, plus state benefits.
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