As a result, it will now include any newly built property purchased directly from the builder or developer with an energy efficiency rating of 81 or higher, or an energy efficiency band A or B.

Mortgage applicants will need to provide for fully built properties, a valid Energy Performance Certificate (EPC), or a valid Predicted Energy Assessment certificate if the property remains under construction.

The proportion of quarterly or annual bonuses that will be considered as part of an affordability assessment has been increased from 25% to 50%.

Customers and brokers do not need to do anything differently when recording bonuses during in application; the system will automatically apply the relevant calculations.

100% of annual and quarterly bonus will continue to be used for income multiples.