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Application → All guides

A - Z of Application criteria

Deposit sources

Direct Debits

Early repayment charges

Expanded higher LTV criteria (95% LTV)

Interest

Loan to income multiples

Loan purpose

Loan size

Location

Maximum LTV

Mortgage Term

Offer validity

Overpayments

Payment holidays

Porting

Rate switches

Remortgage & Additional Borrowing

Repayment methods

Customer → All guides

Adverse Credit

Adverse Credit

All borrowers (Home Owners and Income Boosters) are credit checked. A fully submitted mortgage application will leave a hard credit footprint.

Any individuals that are associated to the owner(s) through continuing linked finances, marriage or civil partnerships must be added to the application as an owner. Each owner is subject to the same checks, whether contributing to the mortgage or not.

A credit report provides 6 years worth of credit history.

For further guidance on credit please refer to our Credit FAQ page.

CCJs (Country Court Judgements)

CCJ = An account registered as a CCJ

• CCJ’s that have been active within the last 3 years >£100 are not acceptable
• CCJ’s satisfied within the last 3 years <=£100 can be considered where supported by a strong rationale
• CCJ’s satisfied more than 3 years ago can be considered

Defaults

Default = An account in a defaulted status

• Defaults that have been active within the last 3 years >£100 are not acceptable
• Defaults within the last 3 years <=£100 can be considered subject to Underwriter assessment and approval
• Defaults satisfied more than 3 years ago can be considered

An account in a defaulted state will only not be classed as a default when:

• The default is settled (Has a settled or partial settled marker)
• The account default status is removed

Payday Loans

• No active Payday loans within 6 months.

Payment Holidays

• Secured Debt – Mortgages must be back to repaying full instalments
• Unsecured Debt – case will be declined if there is a payment holiday within the last 6 months.

Missed Payments

Within the last 3 months

• Mortgage payments: No mortgages to have missed a payment
• Unsecured lending: No financial agreement to be more than 1 month in arrears

Within the last 3 years

• Mortgage payments: No mortgage to be more than 1 month in arrears
• Unsecured lending: No financial agreement to be more than 1 month in arrears (Arrears balances <£100, ≤3 months in arrears may be considered subject to Underwriter assessment and approval)

Unaccepted Adverse

Customers who have entered into in the last 6 years (or intend to enter) one of the following are not acceptable:

• Bankruptcy/ Sequestration Order
• Individual Voluntary Arrangement (IVA) / Trust Deed
• Debt Management Plan (DMP)
• Administration Order
• Debt Relief Order