Reliance Bank has made a number of enhancements to the way they treat a range of benefit income and maintenance income for affordability purposes.
Lending across England and Wales, the bank offer a full range of flexible mortgages for first-time buyers, home movers and customers who want to re-mortgage. In addition, they also offer key worker mortgages and shared ownership mortgages.
Gareth Byrne, head of mortgages at Reliance Bank, said: “I am delighted that we have been able to get the criteria update introduced to help further demonstrate how Reliance Bank looks to help those applicants who rely on benefit income and maintenance income for affordability.”
