The Intermediary – September 2026 - Flipbook - Page 92
B RO K E R B U S I N E S S
Case clinic
BUCKINGHAMSHIRE BS
The society may be able to consider this case, as no
income from the elderly parent is being relied upon
to support affordability. However, consideration
would need to be given to whether the parent is
contributing towards the deposit. If so, they would
need to be a party to the mortgage.
The society does not impose a maximum age
limit, so the parent’s age would not present an
issue if they were added to the application.
Affordability would need to be assessed with the
parent treated as a dependant where applicable.
deposit and have a clean credit profile with no
outstanding loans.
GEN H
We do not accept foreign income, so we would
be looking only at the £48,000 base salary which
would mean the buyer is limited by loan-to-income
(LTI). Their best option is an income booster.
UNITED TRUST BANK
UTB can only accept UK sterling income to support
applications and not from a foreign source.
TOGETHER
We would take into account the financially
dependent adult occupant as part of our
affordability assessment, even though they will
not be named on the mortgage. As the elderly
parent is over the age of 18 and will be living in the
property, an occupier’s consent form would also
be required. We could then consider lending up
to 75% LTV, making the applicants’ 15% deposit a
solid contribution.
SUFFOLK BS
The elderly parent living in the property would
be fine to include as a dependent along with the
child. As with all cases, we would need to ask more
questions, and it would be subject to our criteria
and affordability checks, but this is a case into
which we would look.
MARSDEN BS
Subject to availability, this case may be suitable
for a residential product, up to 85% LTV. We
would take the parent into account when
assessing affordability, unless they have their own
independent income. However, affordability may
be a challenge as our maximum multiple is 4.5x.
HARPENDEN BS
Based on our criteria, this is not a case we would
be able to consider. Foreign currency income is
capped at 75% loan-to-value (LTV) and assessed on
an interest-only basis.
BUCKINGHAMSHIRE BS
The society is unable to use income that is paid
in US dollars for affordability purposes. If the
applicant’s UK income alone is sufficient, the
case may still be considered based solely on that
income. However, without the additional US dollar
income, achieving the required loan amount may
prove challenging and would need to be assessed
through the society’s affordability calculation.
TOGETHER
We could consider this application up to 75%
LTV, with the 15% deposit providing a strong
foundation for the purchase. We would not be
able to include foreign currency income within our
affordability assessment. Instead, we would use
the applicant’s £48,000 UK-employed income,
subject to standard underwriting requirements.
SUFFOLK BS
C AS E FOU R
Applicant paid partly
in US dollars
We would be happy to consider all income,
especially as it has been a constant for several
years. We provide foreign currency mortgages up
to 90% LTV, so the deposit size would also be fine.
The challenge would be the LTI ratio, which is
higher than we would accept.
MARSDEN BS
UK resident is employed full-time
on £48,000, but also receives an annual
retainer of approximately £14,000
from a US company, paid quarterly in dollars.
The overseas work has run alongside their main
employment for more than four years. They
are purchasing a £415,000 property with a 15%
A
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The Intermediary | September 2026
We could consider this case with an expat
residential product. Their USD income would be
converted to GBP and subject to a 10% haircut.
If the annual retainer is guaranteed, we would use
100% of this income when assessing affordability.
If it is not guaranteed, a maximum of 60% would
be considered. However, we have a maximum LTV
of 80% for this range. ●
