Nottingham Building Society has widened its affordability criteria for UK homebuyers, now accepting 100% of secondary income, up from 50%.
This decision followed research that found one in five UK residents took on side jobs to boost their mortgage eligibility.
The mutual also rebranded to better reflect changes in how people live, earn, and manage their finances.
Other updates include accepting 100% of child maintenance income, adjusting pension contribution assumptions to a more affordable 5%, covering contractual travel allowances at 100%, and updating National Insurance acceptance thresholds.
Matt Kingston, sales director at Nottingham Building Society, said: “Our latest updates to affordability criteria reflect our ongoing commitment to adapting to the needs of today’s borrowers.
“By recognising a wider range of income sources, such as 100% of secondary income and child maintenance, we’re ensuring our criteria evolve with modern financial realities.”
Kingston added: “This is just the first step in our journey for 2025. We remain focused on creating innovative solutions that help even more people from diverse financial backgrounds access the housing market, and we’re excited to continue building on these improvements throughout the year.”
