Consideration of any application is primarily based on the
customer’s ability to repay the mortgage loan.
Calculation of the amount we will lend to an applicant is based
on assessing affordability taking account of income, regular
commitments and living expenses.
The affordability calculator is available on
An application will be deemed unaffordable (and will therefore
be automatically declined) where either income multiples or
levels of unsecured debt are too high.
To ensure a realistic figure is used for affordability purposes,
the system will automatically use 100% of primary income and
a maximum of 50% of secondary income, to calculate the net
monthly income figures. The table below shows the income
Primary income is income that is permanent, reliable, sustainable
and regular. Secondary income is income that, whilst not
permanent or guaranteed, is nevertheless regular and sustainable.
Please note that applications will be subject to additional policy
including maximum income multiples and debt:income ratios.
Abbey Intermediary Lending Criteria
1 Where you are using child benefit and/or child tax credit as other primary income, you need to ensure that the mortgage will remain affordable when the benefits end. You must record this fact
in the Notes section on Introducer Internet.
Mortgages – Information
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Primary income (100% of income)
Secondary income (50% of income)
Permanent contract of employment
Fixed term contracts
Pensions and annuities
Employed income (Salary) for director of
a limited company
Net profit of a sole trader/partnership
Second job in the same line of work as
the primary job
Large town allowance
Employer’s mortgage subsidy
Dividends for directors
(>20% shareholding only)
DWP/HMRC benefits guaranteed
Working tax credit
Child tax credit1