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Lending Criteria

Here you will find some of the key information on our lending criteria. You can search or filter to find the information you need. If you are unsure of anything or can't find what you are looking for, please contact our Intermediary Helpdesk on 01635 918000 or email us at




Please refer to our affordability calculator elsewhere on this site. If you would like to discuss the individual circumstances of a particular case please talk to us. Our Intermediary Helpdesk can be contacted at 01635 918000 or

We usually take 50% of any regular overtime, bonus or commission provided this can be evidenced on payslips and P60s.

For self employed income calculations please refer to the 'self employed section'.


All borrowers must be at least 21 years of age at application.

We can consider borrowers from the age of 18 but with the support of a guarantor or additional borrower, usually a parent.

We allow a maximum of 4 applicants but only use 2 incomes in our lending decision.

The mortgage term must usually finish by the stated retirement age and no later than age 70, where the affordability for the mortgage is calculated on employed or self-employed income. We can consider lending past age 70 but these are treated individually and ongoing proof of affordability must be shown (see 'lending beyond retirement').

Where the term extends beyond age 70 or the borrower is aged 70 or over at the outset, the loan and affordability are based upon the pension income (state and private) and/or non-earned income such as investment or rental income. The age limit at the end of the mortgage term is 80 years, unless exceptional circumstances apply.

© Newbury Building Society

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Newbury Building Society is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (Financial Services Register number 206077). Registered office: Newbury Building Society, 17 Bartholomew Street, Newbury, Berkshire, RG14 5LY.

English law applies and we will communicate with you in English. We are participants of the Financial Ombudsman Service. We have a complaints procedure which we will provide on request. Most complaints that we cannot resolve can be referred to the Financial Ombudsman Service.

You can check the Financial Services register on the FCA's website.


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