Halifax has introduced criteria changes covering non-UK nationals and gifted deposits that relax and simplify its lending rules.
The business will consider applications for non-UK nationals up to 95% loan to value.
The lender tells brokers on its intermediaries hub: “When a next step message shows ‘Proof of permanent right to reside in the UK is required for at least one applicant’ the proof of permanent right to reside, or proof of more than five years residency in the UK, is required for one applicant on a joint application.”
On gifted deposits, the firm says it will now accept a gifted deposit “from an applicant’s partner or ex-partner who will not be residing in the property”.
The firm adds that it will now accept a concessionary purchase at a discounted purchase price, where the vendor is the applicant’s partner or ex-partner who will not be residing in the property.
