Packaging Requirements
04/10/2024
THE INFORMATION ON THIS WEBPAGE IS FOR THE USE OF PROFESSIONAL INTERMEDIARIES ONLY
Blog Archives
Payday Loans
16/03/2021
Where there is any evidence of a payday loan, the application will be declined.
Probation
30/11/2018
Portfolio Landlords
23/08/2017
The Society will consider lending to portfolio landlords who can be defined under PRA SS13/16 as; Borrowers with four or more distinct mortgaged buy-to-let properties, either together or separately, in aggregate, should be treated as ‘portfolio landlords’. Available for Limited Company only Maximum number of properties in mortgage to the Society: 5 Maximum value of...
Property Types
23/08/2017
The following types of property are acceptable as security: Properties in England and Wales only Property with a minimum valuation of £90,000 Leasehold with minimum remaining term on the lease of 85 years at the end of the mortgage term Property in shared ownership Owner occupied private dwelling Acceptable Security Types Houses: Detached/semi-detached/terraced/townhouse/bungalow built of...
Part and Part combined
23/08/2017
Permitted on specific products – refer to product guide Maximum LTV 85% (75% for interest only part) Minimum income applies: Sole applicant minimum £50k Joint applicants minimum total £75k with one borrower earning at least £50k Where downsizing is the repayment strategy, a minimum equity of £250,000 applies and the maximum age at the end...