Norton Home Loans Expands Criteria for Non-Standard Borrowers
Norton Home Loans has broadened its criteria to improve access for borrowers with complex credit history, limited deposits, or non-standard income.
- Automated valuation models (AVMs) are now available for Right to Buy purchase applications up to 80% loan to value (LTV), subject to confidence levels.
- A full physical valuation will be required if confidence levels are not met or the LTV is above 80%.
- The required conduct period for debt management plans (DMPs) has been reduced to six months, with satisfactory performance now accepted.
- A minimum credit score of 300 is now required for all borrowers, along with a £300 surplus across the overall case.
- Day-one referrals are no longer needed unless these criteria are not met.
Norton Home Loans has also improved support for first-time buyers.
No specific quote available.
Author's summary: Norton Home Loans widens criteria for non-standard borrowers.
More News
- PAU Secures Rs 2.51 Crore Funding for International Research Project on Onion Breeding
- Record Job Cuts at Amazon and UPS. AI and Reorganization Changing the Face of Logistics
- Danielle Smith: Balancing the budget gets a lot easier if you build a pipeline
- Squad Busters will shut down in 2026 after struggling to meet Supercell's expectations
- Emmy-Winner Chronicles Yankees Icon Joe Torre’s MLB Legacy On Screen
- How Discrimination and Stress Impact the Mental Health of Young Sexual Minority Men
- Eala falls to Mboko to exit Hong Kong Open
- Venezuela: On Maximum Alert… But Without Alarmism - Venezuelanalysis
- Bonnier teams up with Yoto on new literacy initiative in school libraries
- Animal Crossing: New Horizons Gets a Free Update and Switch 2 Edition