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FOR THE USE OF MORTGAGE INTERMEDIARIES & OTHER PROFESSIONALS ONLY

FOR THE USE OF MORTGAGE INTERMEDIARIES & OTHER PROFESSIONALS ONLY

Foreign nationals

Permanent rights to reside

Applicants who are not from the UK or Ireland will need to provide evidence of their permanent rights to reside in the UK (or pre-settled status via the EU settlement scheme) with one of the following documents:

  • A ‘share code’ confirming the applicants Right to Reside. A Right to Work code will not be accepted. For more information, please see gov.uk/view-prove-immigration-status
  • Residency stamp in the passport. Alongside the photo page of the passport. If the stamp is in an expired passport, please include the photo page of the valid passport.

The document (from the above list) must confirm one of the following and not exceed the visa ‘valid until’ date:

  • Indefinite Leave to Remain
  • Indefinite/Right of Abode
  • Permanent Residence
  • No Time Limit
  • Settled/Settlement
  • Pre-settled/Pre-settlement

Temporary rights to reside

Applicants who are not from the UK or Ireland and do not have permanent rights to reside in the UK (or pre-settled status via the EU settlement scheme) can be considered where they currently reside in the UK and meet the following criteria:

  • They must have lived within the UK for a minimum of 12 months
  • Minimum of 18 months remaining on their visa
  • Max LTV is 75%* with a self-funded** min deposit of 25%
  • Max LTV for Shared Equity is 75%* with a self-funded** min deposit of 25% (based on the value of the equity share)
  • Max LTV for Shared Ownership is 75%* with a self-funded** min deposit of 25% (based on value of customer share)
  • The mortgage is on a repayment basis

*This limit includes any fees added to the loan

** The self-funded deposit can be equity from the sale of a UK property, owned by one or more applicants. Please refer to Deposits for more information.

The applicant must hold one of the following acceptable VISAs:

  • Skilled Worker visa
  • Family visa (Partner/spouse/family member) *
  • Health and Care Worker visa
  • UK Ancestry visa
  • British National (Overseas) visa

*Single applicant applications on partner/spouse visa may be considered on a case-by-case basis by Underwriting.

The following documents can be accepted to confirm the applicant’s right to live/work in the UK:

Where a second applicant has restricted leave to remain in the UK, however, also has either settled or pre-settled status via the EU settlement scheme due to their marital status, standard LTV limits will apply, and we will require them to provide a valid share code. Please refer to your Business Development Manager for further guidance.

UK Residents

People who reside in the following places are not considered as UK residents:

  • Isle of Man
  • Channel Islands
  • Jersey
  • Guernsey
  • Herm
  • Sark
  • Alderney

Source of funds

  • Brokers are required to advise the customer that any funds paid into the mortgage account from sanctioned countries are not accepted.

Unacceptable Categories

Applications are not acceptable from:

  • Students
  • Persons with a working holiday visa
  • Applicants with Diplomatic immunity.

Refugees

Refugees/asylum seekers must have indefinite leave to remain (also known as permanent residence). Documentation required to verify this consists of a Biometric Residence Permit or a letter from the Immigration and Nationality Directorate (IND) advising the customer that this permission has been granted.