• Broker
    The information contained in this area of our website is for FCA regulated brokers only and not intended for consumer usage.
  • Consumer

ENHANCED CRITERIA FOR CONTRACTOR APPLICANTS

Brightstar are pleased to announce that we now have lenders who will consider an income calculation for a contract work, up to a maximum weekly rate x48. This applies to existing and new contractors, subject to criteria.

Highlights:

  • INCOME CALCULATED AS ¬£WEEKLY RATE X 48 WEEKS (MAXIMUM)
  • EXISTING CONTRACTOR CRITERIA:
    • UP TO 85% LTV
    • MUST HAVE BEEN CONTRACTING FOR A MINIMUM OF 12 MONTHS
    • CURRENT CONTRACT MUST BE FOR AT LEAST 6 MONTHS
  • NEW CONTRACTOR CRITERIA:
    • UP TO 75% LTV
    • MUST HAVE BEEN CONTRACTING FOR A MINIMUM OF 3 MONTHS
    • PREVIOUS EXPERIENCE IN A SIMILAR ROLE FOR A MINIMUM PERIOD OF 12 MONTHS

Email residential@brightstarhub.co.uk
or call 01277 508900