Residential Criteria | Mortgage Intermdiaries

Residential criteria

Find out all about our lending criteria for new clients

Here is an overview of our lending criteria for new Residential Mortgage clients. Whilst we aim to cover all relevant information, this criteria does not detail all our requirements and for anything you are unable to find, contact your BDM, or call our Telephone BDM experts on 0345 3073355, Option 3.
Lending Criteria
Lending Criteria
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Money
Mortgage
Property
Remortgages
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A
Adverse credit
CCJs/defaults Arrears Bankruptcy / IVA / Debt Relief Order
Affordability
How do you treat background Buy-to-Let properties for affordability?Credit commitments Non-credit commitments Other costs
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B
Background properties owned by the applicant
Properties that are not rented out Existing property to be rented out Other Buy-to-Let mortgaged properties owned
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C
Concessionary Purchase
Contractors
Employment contracts IT and Construction Industry Scheme (CIS) Contractors Probationary contracts Zero hours contracts
Credit scoring
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D
Decision in Principle
Deposits
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E
Employed applicants
UK residents not paid in sterling
Ex Pats
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F
Finder's Fees
First Time Buyers
Foreign nationals
Non EU States Enhanced Due Diligence Unacceptable Categories Refugees
Further advances
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G
Guarantors
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I
Identification & Verification
Acceptable documentation How to certify a document
Income, Treatment - Main Income
Income, Treatment - Other Income
Income, Verification - Main Income
Income, Verification - Other Income
Interest-only mortgages
Islamic mortgages
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L
Large Loan
Lending into retirement
Verifying Anticipated Retirement Income Other Income Client is already Retired
Let to buy
Location
LTV & Lending limits
Lending Limits
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M
Maternity/paternity/adoption leave
Maximum term
Minimum/maximum age
Mortgage-free property (unencumbered properties)
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N
New build properties
New build cash incentives Unacceptable Site Search
Non simultaneous sale (outstanding mortgage)
Number of applicants
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O
Occupancy
Remortgages Additional occupants Tenants Lodgers Applicant not resident in property Dependant relatives
Occupancy restricted property / Covenants
Section 106 planning agreements / restrictive covenants Resale/Resale Price Covenant Schemes
Offer expiry
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P
Portability
Product transfers
Professional Sports Persons
Property
Condition Leasehold property Other Freehold Arrangements High rise flats Flats above business premises Studio flats Ex Local Authority properties Japanese knotweed Solar Panel Leasing Agreements Distressed sale and leaseback Construction Unacceptable Property/Construction Types Use of property
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R
Rate Switch
Remortgages
Capital raising Debt consolidation
Residency
Revised property details
Right to buy
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S
Second home loans
Self Employed Applicants
Acceptable Income Verification Documents
Shared equity mortgages (including Help to Buy Equity Loan)
Help to Buy Equity Loan
Shared ownership mortgages. Only available in England and Wales
Sub sales and back-to-back transactions
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T
Tied accommodation
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U
Unacceptable schemes
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