Residential products for clients
who need income flexibility

We understand that many aspiring home owners will often experience challenges when it comes to mortgage affordability and achieving their lending goals with standard income multiples. Our mortgage underwriters view each case on its own merits and can look outside of our standard income criteria, meaning we could support your clients with low deposits who require flexibility around income multipliers.

Residential mortgage products
Rates from 6.44%
Residential mortgage products
Up to 90% LTV
Residential mortgage products
Minimum loan £50,000
Residential mortgage products
Maximum loan £1,500,000
Residential mortgage products
Available for purchases and remortgages (available from day one)
Residential mortgage products
£75,000 minimum property value
MSV LTV Mortgage type Term Initial rate Product fee ERC
90% Fixed 2 6.79% £995

Yes

(see below)

Product : 02575 KRES2401

Close

  • Repayment terms available
  • Contractors considered
  • Self-employed considered
  • Porting available

Minimum loan

£50,000

Maximum loan

£1,500,000

Term

5-35 years

Early repayment charges

Year one: 4%
Year two: 3%

Product fee

£995

Application fee

£145

90% Fixed 5 6.44% £995

Yes

(see below)

Product : 02576 KRES2401

Close

  • Repayment terms available
  • Contractors considered
  • Self-employed considered
  • Porting available

Minimum loan

£50,000

Maximum loan

£1,500,000

Term

5-35 years

Early repayment charges

Year one: 4%
Year two: 4%
Year three: 3%
Year four: 3%
Year five: 2%

Product fee

£995

Application fee

£145

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Revert rate : BBR + 3.49%
Bank of England Base Rate (BBR): 5.25%

To find out more about the types of professions we'll consider click here.

Acceptable credit criteria

Residential products now revert to Bank of England Base Rate (BBR) trackers

On expiry of the fixed rate product, the mortgage will revert to a rate of interest which will be at a variable rate above the Bank of England Base Rate (“BBR”) for the remainder of the loan.

The rate will move up and down in line with BBR but if BBR falls below 0.00% the rate the customer is charged won’t change. Please refer to individual products for details on the rates applicable.

Guidance provided surrounding physical property valuations

A physical valuation will be sourced from Connells via the standard process. Connells has issued prescriptive guidance to follow around inspection protocols, which you can find here.

If this guidance isn't adhered to (e.g., the property is occupied or doors have been left closed), the surveyor may not go ahead with the valuation but will still charge the valuation fee for the on-site visit.

Terms and conditions

At the end of any initial deal, the interest rate will revert to the Bank of England Base Rate (BBR) tracker. All of our BBR products have a floor.

This means that if BBR were to fall to 0.00% or less the rate payable will be 0.00%, plus the agreed set percentage above BBR. This means that the rate payable will never go below 0.00% plus the additional percentage rate of the tracker mortgage.

See moreresidownarrow

All mortgage products are subject to availability of funds and can be withdrawn at any time.

For interest only or part repayment/part interest only, it's your client's responsibility to ensure they have sufficient funds available at the end of the term with which to repay the loan.

All loans are subject to availability, status, valuation and approval, and are available in England and Wales only. Applicants must be aged 18 or over. Maximum age at the end of the mortgage term is 85. Written quotations are available on request.

OneSavings Bank plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (registered number 530504) for general insurance intermediation and regulated mortgages.

Download the full mortgage terms and conditions.

YOUR CLIENT'S HOME MAY BE REPOSSESSED IF THEY DO NOT KEEP UP REPAYMENTS ON THEIR MORTGAGE

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