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A - Z of Application criteria
Deposit sources
Direct Debits
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Expanded higher LTV criteria (95% LTV)
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Adverse Credit
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Boosters
Boosters
We allow income boosters and deposit boosters to support a mortgage application.
❗️ Please note that we do not allow either type of Booster to live in the property.
Income boosters
Only close relatives can act as income boosters. A “Close Relative” is defined as parents (including step-parents), children (including step-children), grandparents, siblings (including half-siblings and step-siblings), uncles and aunts (Siblings of parents only).
Deposit boosters
There is no maximum number of deposit boosters for a mortgage application. Deposit boosters do not need to be UK residents however, funds from the deposit booster must come from a UK-based bank account and be in the UK for 3 months prior to funds being released.
Requirements for a deposit booster:
- Contact Details (number, email and full name)
- National Insurance Number
- Date of Birth
- Latest 3 year address History
- Details regarding deposit contribution; Amount, source and terms (Loan or equity stake)
- Proof of Identification & Address (This can be done electronically or by providing documentation)
Checks that are carried out (KYC):
- Fraud
- PEP, sanction and Media checks
- Address
- Identification
- *Where required, source of fund checks may be carried out.
For further information on the booster propositions:
Income Booster Deposit Booster