The Stafford Building Society has launched a new 90 percent loan-to-value (LTV) discounted variable rate mortgage, aimed at providing brokers with a straightforward, affordability-based lending option.
Available from 1st July 2025, the product features a two-year discounted rate of 5.34 percent (SVR 5.50 percent, APRC 5.60 percent). Unlike traditional mortgages, it imposes no income multiple restrictions. Instead, it is assessed on the borrower’s ability to meet repayments and benefits from full manual underwriting.
This product is particularly suitable for applicants with stable, verifiable income who may be constrained by automated affordability models. Professionals such as doctors and dentists with one year of accounts may also be considered.
Key features include:
- No maximum income multiples
- Earned income considered up to age 75
- Terms available up to age 85
- A single £100 application fee with no arrangement fee
- Early repayment charge of 2 percent on overpayments above 10 percent within the first two years
Emma Parker, National Account Manager, commented:
“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.”
The product is available now through The Stafford’s intermediary platform.
For more information click here
If you are a mortgage broker email: broker@srbs.co.uk
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