The changes will increase the mortgage borrowers could access by up to £13,000.
Related topic: Mortgages
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Joint borrowers are now also permitted to reside in the property and can now gift a deposit.
Matthew has held senior roles at CHL Mortgages and Castle Trust.
The platform automates and speeds up underwriting, reduces costs and mitigates risks for lenders.
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The product bridges the gap between full interest serving mortgages and full roll-up lifetime mortgages.
The loan to income ratio has also increased up to 5x income for loans over £1,000,000.
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