Up to 6 x income now available for Home Purchase Plans

Enhanced income multipliers now available for Home Purchase Plan customers

We are delighted to offer finance up to six times income where eligibility criteria are met, for our Home Purchase Plan (HPP) finance.

Under the updated criteria, eligible customers may now be able to finance up to six times their income, depending on income deposit size and overall affordability.

The table below shares the changes and can be found in our Home Purchase Plan criteria and product guides.

Income Band (at application)	FTV up to 80.00%	FTV 80.01% up to 90.00% FTV	FTV from 90.01% upwards
Up to £34,999	4.49x	4.49x	4.49x
£35,000 – £49,999	5.00x	4.49x	4.49x
£50, 000 – £74,999	5.5x	5.0x	4.49x
£75,000 – £5m (£10m by referral)	6.0x	5.5x	4.49x

View our full product range here.

***Don’t forget – UK payment account now available for your customers***

Your customers can also apply for a UK payment account with Algbra as part of their Buy-to-Let application – all in one place, with no extra steps.

Need a refresher? We’ve got guides to help:

• Intermediary information guide - includes a step-by-step guide and key details

• Customer information guide – ready to share with your customers.

If you have any questions or need any additional information, please don't hesitate to get in touch with your Gatehouse Bank Business Development Manager.

You can view our current service levels here.

Thank you for your continued support. We're confident access to this finance will help both your business and your customers.