FAQs and general information

The maximum LTV for applications with this type of visa will remain at 75% LTV.

There is nothing in policy stating a minimum remaining term on the visa, but we will assess each application on a case-by-case basis.

We do not have a minimum income.

90% LTV, or product maximum loan size allowable at the time of application.

Yes, the deposit can be gifted as per our standard criteria. Read our Lending and Security Guidelines - WBFI

There is no change from our standard criteria. As long as the client is inputting their own 5% we can accept the builders 5% to make it 90% LTV.

We require all applicants to have 3 full years UK residency at point of application and are not able to proceed unless this is met by all applicants. 

Yes, this is within policy to consider to a max LTV of 90%. We can consider the income for both applicants providing our standard policy is met.

This would be outside of policy for us, as we need the application to be supported by another applicant who is eligible to be a sole applicant in their own right. That is: a UK national, or an applicant with Indefinite Leave to Remain / Enter (ILR/ILE), Settled Status (SS), or Pre-Settled Status (PSS).

This would be outside of policy for us, as we need the application to be supported by another applicant that holds a Skilled Worker (SWV) or Health and Care Worker (HCWV) visa, or originally entered the UK on one of these visas.

Yes we will need a copy of the Share Code to be added to notes at submission. 

If any of the applicants are classed as a foreign national, then you will need to choose a specific product labelled ‘Foreign Nationals’. This also includes for shared ownership and new build applications. If you choose a product from our standard range, you will be asked to change this to a foreign national product as part of the application process.

We will need you to provide the visa type for all applicants by adding a note to the case once the DIP has been submitted. The underwriter will need this as part of the DIP Referral process, so please ensure this is added to the case.

You will need to go back to the front page of the portal and click on the M100 number for that case. Once in the case, on the right-hand side scroll to the bottom and you will see 'Notes'. Please click on ‘ADD' and submit the relevant information.

Yes, you can, but the case will not be released by an underwriter until we have the required visa information for the applicant.

The DIP will be reviewed by an underwriter, and an answer will be relayed back to you by email within 24 hours.

Yes. As this is a manual process, we need to manually release the case each time it goes to DIP Refer.

This is correct. There are two referral points within the journey, this is to ensure the case gets allocated to the correct underwriter when the application is submitted.

Yes, at this stage you will need to go back into the application by clicking on the M reference number and then click PROCEED. This will submit the full application.

Timescales are within 24 hours, please reach out to your BDM if the case is time sensitive.

For our foreign national cases, if the DIP REFER has come in by 5pm on the date products have been withdrawn, providing the DIP is approved we will look to honour the rate.