Payday Loans
16/03/2021
Where there is any evidence of a payday loan, the application will be declined.
THE INFORMATION ON THIS WEBPAGE IS FOR THE USE OF PROFESSIONAL INTERMEDIARIES ONLY
Blog Archives
Probation
30/11/2018
Portfolio
23/08/2017
A maximum portfolio of 3 properties in total in mortgage to the Society or other lenders will be allowable to an individual or connected counterparty. Full details must be obtained from the applicant and details verified, as far as possible, to the loans reported on the credit search The maximum that may be lent to...
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 75% (60% for interest only part) Minimum equity £175,000 (£250,000 where downsizing is the repayment strategy) Repayment element of a part interest only mortgage can count towards the minimum equity requirement