Stafford Building Society has launched a 90% loan-to-value (LTV) mortgage aimed at borrowers who may not meet standard income multiple rules.
The product, available from 1st July 2025, has a 2-year discounted variable rate of 5.34%, a standard variable rate of 5.50%, and annual percentage rate of charge at 5.60%.
Applications are assessed only on whether the borrower can afford the repayments, with no maximum income multiples, and all cases are manually underwritten.
The mortgage is open to a range of applicants, including those with stable, verifiable incomes who may be limited by traditional lender rules.
Stafford Building Society will consider one-year accounts for professionals such as doctors and dentists.
Earned income is accepted up to age 75, with mortgage terms available up to age 85.
Additionally, there is a £100 application fee but no arrangement fee.
Early repayment charges (ERCs) stand at 2% for overpayments above 10% of the balance in the first two years.
Emma Parker, national account manager at Stafford Building Society, said: “Brokers need flexibility, not standard templates.
“As a mutual, we take a person-first view of lending, with no rigid multipliers and no tick-box assessments. We’re proud to bring this approach to the 90 percent LTV space.”
