Lending and Security Guidelines
Lending and security guidelines
Here you’ll find information on what we’ll consider as part of our mortgage underwriting process. For general questions, please see our frequently asked questions.
It’s important to remember that we also apply our own credit assessment tools, which might mean we have to decline a case, even if it looks like it fits the guidelines on this page.
We have the right to change our underwriting policy at any time, without updating these guidelines beforehand.
You can use the search function to quickly find the information you’re looking for.
If you need any more information, please contact your dedicated Business Development Manager (BDM) or the Intermediary Sales and Support team (ISST).
Popular Searches
Age Requirements Allowable Income Fees and Charges Background BTL Gifted Deposit New Build Valuation Fees Employment Type Nationality Interest Only
Applicant Type
British and Northern Irish Citizens in the UK
- 3 years residency in the UK required
Indefinite Leave to Remain (ILR) & Indefinite Leave to Enter (ILE)
- Gives the right to live, work and study in the UK for as long as required and the ability to apply for benefits
EU settlement scheme
- Established to enable EU, EEA and Swiss Citizens resident in the UK by 31 December 2020 (and their family members) to get the immigration status they need to live, work, study and access benefits in the UK after 30 June 2021
- Settled Status
- Rights to live and work in the UK permanently
- 3 years residency in the UK required
- Share code required
- Pre-settled status
- Rights to live and work in the UK for a limited period of 5 years (settled status can then be applied for)
- 3 years residency in the UK required
- Maximum 75% LTV
- Share code required
- Skilled worker (SWV):
- 3 years residency in the UK required
- Maximum 75% LTV
- Length of time in the UK and future;
- Length and type of employment;
- Restrictions on employment and length of stay in the UK.
- Hong Kong (British Nationals Overseas. BNIOI status is a form of British nationality created for people from Hong Kong so they could retain a form of British nationality and a connection to the UK after the handover to China in 1997 in line with the Sino-British Joint Declaration.
- 3 years residency in the UK required
- Maximum 75% LTV
- Applicants must not hold any level of diplomatic immunity
Visa's
The following visa is permitted:
Visa - consideration should be given to:
BNO Visa
Definitions
ADV : Advance
BTL : Buy to Let
CAIS : Credit Account Information Sharing
CCJ : County Court Judgment
CII : Consumer Indebtedness Index
COMM : Commission
KFI : Key Facts Illustration
LTV : Loan to Value
RMC : Regulated Mortgage Contract
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