The Intermediary – August 2025 - Flipbook - Page 80
B RO K E R B U S I N E S S
Case clinic
Case Clinic
Want to gain insight into one of your own cases in the next issue?
Get in touch with details at editorial@theintermediary.co.uk
C AS E ON E
Joint application
with one applicant
on a visa
couple are purchasing a £420,000 home
with a 10% deposit. One applicant
is a British citizen earning £50,000,
the second is on a Skilled Worker Visa earning
£38,000. Although their combined income
supports the loan, some lenders cap borrowing
based on the visa-holder’s temporary status.
Others require the visa to have a certain amount
of time remaining and at least one year’s residency.
A
UNITED TRUST BANK
In this scenario, UTB would require the second
applicant to have permanent rights to reside,
Indefinite Leave to Remain (ILR) or equivalent
residency status in order to be considered on the
application. Unfortunately, applicant one’s income
alone would not be sufficient for affordability.
HARPENDEN BS
We cannot assist with this one. Our maximum
loan-to-value (LTV) is 85% and we also do not
accept borrowers on a Skilled Workers Visa. They
would require an ILR.
TOGETHER
Together could support this application, but up to
a maximum of 75% LTV assuming the property was
of standard build.
78
The Intermediary | August 2025
As with most lenders, we would require
applicants to have ILR in order to be on the
application. So, while we could support the British
citizen, this would have to be on a single personal
application.
If the second client has no visa end date, this
could possibly be supported on a dual application.
BUCKINGHAMSHIRE BS
The society has recently entered into this space
to support those on Skilled Worker Visas, and we
can consider this up to 90% LTV. We don’t have
a minimum time that is required to be left on the
visa for the applicant.
WEST ONE LOANS
We are able to lend to joint applicants and Skilled
Worker Visa holders, and both applicants earn
enough to comfortably afford the loan.
We also do not apply any loan caps to visaholder applicants.
However, we require at least 12 months
residency in order to consider applications from
visa holders.
If they had more funds available, we would
consider the loan on the British citizen’s salary
alone on a 20% deposit.
STAFFORD BS
We can consider applications where the visa
holder has at least 12 months remaining on their
visa and has lived in the UK for a minimum of
two years.
Each visa case is assessed on its own merits.
For this loan size, we would refer to our mortgage
indemnity guarantee provider, but it is something
we could work with.
