Home > Lending criteria

Lending criteria.

We can help with all types of cases, so check our lending criteria for the latest guidelines.

Our criteria is split into residential and buy to let, so use the options below to find the criteria you need.

Late Payments (Not Missed)

Indicates if we can potentially consider applications from applicants who have a history of late payments (NOT REGISTERED AS MISSED) on any credit agreements they hold.

We can potentially accept applicants with previous ‘Late Payments’.

Leasehold Property where No Separate Management Company Exists

Indicates if we can potentially lend on residential applications for leasehold properties where no separate management company exists.

We will not lend on leasehold properties where no separate management company exists.

Legal: No search indemnity insurance (purchases)

Indicates if we can potentially accept ‘no-search indemnity insurance’ for a purchase application

We are unable to accept ‘no-search indemnity insurance’ for a purchase application

Legal: No search indemnity insurance (remortgages)

Indicates if we can potentially accept ‘no-search indemnity insurance’ policy for a remortgage application

We are unable to accept ‘no-search indemnity insurance’ for a remortgage application

Legal: Private local authority search (purchases)

Indicates if we can potentially accept a private local authority search for a purchase application

We can potentially accept a private local authority search for a purchase application subject to:

A suitably qualified search agent carries out the personal search and has indemnity insurance that adequately protects us or
The search insurance policy adequately protects us

The Solicitor must also confirm that the title is good and marketable and personal searches are subject to the search firm subscribing to the Search Code monitored by the Property Code Compliance Board.

Legal: Private local authority search (remortgages)

Indicates if we can potentially accept a private local authority search for a remortgage application

We can potentially accept a private local authority search for a remortgage application subject to:

A suitably qualified search agent carries out the personal search and has indemnity insurance that adequately protects us or
The search insurance policy adequately protects us

Lending Location: Channel Islands

Indicates if we can potentially consider lending on properties located in the Channel Islands.

We do not lend on properties in the Chanel Islands.

Lending Location: England

Indicates if we can potentially consider lending on properties located in England.

We lend on properties in England

Lending Location: Isle of Man

Indicates if we can potentially consider lending on properties located on the Isle of Man.

We do not lend on properties on the Isle of Man.

Lending Location: Isle of Wight

Indicates if we can potentially consider lending on properties located on the Isle of Wight

We are able to lend on properties on the Isle of Wight.

Lending Location: Northern Ireland

Indicates if we can potentially consider lending on properties located in Northern Ireland.

We do not lend on properties in Northern Ireland.

Lending Location: Scilly Isles

Indicates if we can potentially consider lending on properties located in the Scilly Isles.

We are not able to lend on properties in the Scilly Isles.

Lending Location: Scotland

Indicates if we can potentially consider lending on properties located in Scotland.

We do not lend on properties in Scotland.

Lending Location: Wales

Indicates if we can potentially consider lending on properties located in Wales.

We lend on properties in Wales

Let to Buy (Existing lender consent to let)

Indicates if we can potentially allow a customer to Let their existing residential mortgaged property.

We allow a customer to Let their existing residential mortgaged property

Let to Buy (Onward Purchase)

Indicates if we are potentially able to arrange the new residential mortgage where the existing residential mortgaged property is going to be Let with a different lender.

We are able to arrange the new residential mortgage where the existing residential mortgaged property is going to be Let with a different lender

Let to Buy (Remortgage current residential to Buy to Let)

Indicates if we can potentially accept applications to remortgage onto a buy to let basis when the current mortgage is residential. For example, Jack wants to move out of his current residential mortgaged property, remortgage onto a buy to let and purchase a new residential property to live in. This criteria relates to converting the current residential onto a buy to let mortgage.

We are able to accept applications to remortgage onto a buy to let basis when the current mortgage is residential.

Lodgers

Indicates if we can potentially accept applications where there is/will be a lodger residing in the security property.

We can accept lodgers subject to there being no Assured Tenancy Shorthold Tenancy Agreement in place, must not have own independent contained facilities and must be restricted to one lodger.