No previous bankruptcies
Must have positive net worth
No income tax arrears
Equity 50:
Min credit score/Max LTV:
≥ 660 - up to 50%
Max GDS:NA Max TDS2: 65% with proven income provided there is also sufficient probable income* documented to bring TDS to 44% or lower
Equity 65:
Min credit score/Max LTV:
≥ 660 - up to 65%
Max GDS: NA
Max TDS2: 60% with proven income provided there is also sufficient probably income* documented to bring TDS to 44% or lower
TDS Value
Less than 50% |
Greater than 50% |
Must have positive net worth |
Net worth must be 1.5x the loan amount excluding property |
*Probable Income - Income that is not proven through traditional methods but is reasonably believed to be received.