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Residential Mortgages

Criteria guideResidential Mortgages INFORMATION IS FOR THE USE OF MORTGAGE INTERMEDIARIES AND OTHER PROFESSIONALS ONLYC orrect as of: Follow us 0800 116 4385 Monday- Friday, 9am-6pmKey Updates Maximum LTV increased, now available up to 85% Re-introduction of wider acceptable adverse including active and recently satisfied DMPs Relaunch of automated cascade2 SectionPage numberApplicant criteria 4 Applicant profile (inc. minimum age, maximum age, maximum number of applicants, guarantors and marital status)4 Allowable adverse4 Nationality and residency4 Income criteria 5 Minimum earned income5 Employed5 Self-employed5 Furlough payments, bounce back loans and CBILS6 Contractors6 maternity leave6 additional income6 Unacceptable income sources 6 Loan criteria7 Maximum LTV7 Loan term7 Porting7 Remortgage applications7 Service levels7 Offer validity 7 Let to buy8 Repayment methods9 Repayment vehicles9 Deposit criteria9 Source of funds9 Builder s deposit (new build)9 Family gift9 Builder s second charge9 Unacceptable sources of deposit9 ContentsNew build criteria10 Definition10 Source of deposit10 Flats10 Offer validity10 Section 106 planning obligations10 Building warranty

Maternity leave 6 Additional income 6 Unacceptable income sources 6 Loan criteria 7 Maximum LTV 7 Loan term 7 ... The evidence can be in the form of a Residence Card, or via the ... RICS valuation carried out as part of the application process. Sale of additional property - the address of any property to be used as a repayment vehicle should be ...

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