Client can’t borrow enough on their own? Increase their borrowing power by combining up to four incomes.
For some clients, affordability isn’t about managing the monthly repayments. It’s borrowing enough to buy the home they want on their own.
That’s where Income Booster could help.
Eligible clients could increase their borrowing power by using the income of up to three friends or family members, without making them legal owners of the property. This could help them buy sooner than they otherwise might be able to.
More borrowing power, made simple:
- Up to four applicants and four incomes accepted.
- No relationship restrictions between the main borrower and supporting borrower(s).
- The main borrower must live in the property.
- Available up to 95% LTV.
Overcoming affordability challenges sometimes takes a team effort. Income Booster could pave the way for your clients.
All supporting borrowers must get independent legal advice. Everyone is responsible for the loan.
Subject to eligibility and lending criteria.
If you have any questions, please speak to your Skipton BDM or visit our website.