Halifax for Intermediaries has announced changes to support more non-UK nationals looking to buy a permanent home in the UK.
The lender is lowering the minimum income requirement where at least one customer has lived in the UK for a minimum of one year, to an individual income of £50,000, or a joint income of £75,000.
Halifax will still accept applications from non-UK customers who have either lived in the UK for more than five years, or who have permanent rights to reside. Now, it can also accept applications if they meet the new, lower minimum income requirement.
For customers who have been in the UK for less than one year, Halifax can still accept applications if they meet the previous minimum income requirement (individual £75,000, joint £100,000), or if the loan to value (LTV) is no more than 75%.
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