Home - Residential Products - Income Flex Mortgages

Income Flex Mortgages

Our Income Flex mortgages are specifically designed for applicants who have non-standard or irregular income arrangements and are unlikely to be able to meet standard affordability criteria to secure the mortgage they require. This could include individuals seeking higher income multiples, consideration of irregular income patterns, multiple income sources or consideration of the profits of their business. 

Our Income Flex mortgages are available for those looking to buy a new home they intend to live in, including first time buyers. They are also available for those looking to remortgage if they have owned the property for at least six months. 

These products are not suitable for those who cannot meet our standard credit history criteria, such as those with missed payments or defaults. 

As Income Flex mortgages consider non-standard incomes, they have a higher interest rate. This means they are not suitable for applicants who meet the criteria of our standard mortgage products. 

Income Flex - 2 Year Discount 6.29% variable (1.75% off Homeowner Variable Rate)

IFHD2

Initial interest rate

i

1.75% discount off the Society's Homeowner Variable Rate for 2 years. Will not go below a floor of 2.25%.

6.29% variable

Max Loan to Value (LTV)

i

Maximum loan to value available:

90%

Product Fees

i
Application fee
£199 (non-refundable)
Completion fee
£800 (non-refundable)

£999 (non-refundable)

Overall Cost for Comparison

i

The overall cost for comparison

8.0% APRC representative

Income Flex - 2 Year Discount 6.09% variable (1.95% off Homeowner Variable Rate)

IFHD1

Initial interest rate

i

1.95% discount off the Society's Homeowner Variable Rate for 2 years. Will not go below a floor of 2.25%.

6.09% variable

Max Loan to Value (LTV)

i

Maximum loan to value available:

80%

Product Fees

i
Application fee
£199 (non-refundable)
Completion fee
£800 (non-refundable)

£999 (non-refundable)

Overall Cost for Comparison

i

The overall cost for comparison

7.9% APRC representative