Architect's Certificate
Will we accept an Architect's Certificate as opposed to a Warranty on a property?
Assignable Contracts
Will we consider an application where the applicant is purchasing via an Assignable Contract?
Building Use Classes
Will we accept an Application without any restrictions on building class / use?
Coal Mining Authority Reports
Will we consider issuing a mortgage offer without the need to see a Coal Mining Authority Report?
Composite Cladding / EWS1 Form
What is your policy surrounding Composite Cladding / EWS1 Forms?
Distressed Sales
Will we consider an application where there is any element of a distressed sale?
Full Vacant Possession required on Completion
Will we consider an application without the requirement for Full Vacant Possession at completion?
Ground Rent - Doubling
Are Doubling Ground Rents Acceptable to us? If so, what is the policy on this?
Ground Rent - Escalating
Are Escalating Ground Rents Acceptable to us? If so, what is the policy on this?
Ground Rent - Rise Linked to Property Value
Are Ground Rents which are linked to Property Value Acceptable to us? If so, what is the policy on this?
Ground Rent - RPI Linked
Are RPI Linked Ground Rents Acceptable to us? If so, what is the policy on this?
Home Reversion Plans - Ongoing Vendor Obligations
Will we accept an application for a Home Reversion Plan without stipulating any Ongoing Vendor Obligations?
Joint Borrower Sole Proprietor
Will we consider an application from joint borrowers where only one will be the legal proprietor / owner?
Leasehold Flat / Apartment where applicant/s own part or all of the Freehold
Is a Leasehold Flat / Apartment where applicant/s own part or all of the Freehold considered an acceptable security to us?
Leasehold Remaining Term / Beginning of term
How many years are required on the lease at the beginning of the term in order to consider an application?
Leasehold Remaining Term / End of mortgage
How many years are required on the lease at the end of the mortgage term in order to consider an application?
Local Authority Search Indemnity Insurance
Will the lender accept Search Indemnity Insurance in place of Local Authority Searches?
Married Couple Application in One/Single Name
Will we consider an application from a sole applicant who is either married, in a civil partnership or common law partners?
Non Borrowing Occupiers
Will we consider an application where there will be occupiers over the age of 17 who are not party to the mortgage?
Non Simultaneous Sale & Completion
Is a Non-Simultaneous or Staggered Sale and Completion acceptable to us?
Occupancy
What is our policy regarding the Occupancy of the property that the Mortgage is to be secured against?
Occupier Not on the Title Deeds Acceptable
Can a non-applicant reside in the property if they are not on the title deeds?
Planning Permissions
What is our policy surrounding planning permissions? Will we consider Restrictive or Unusual Planning Permissions?
Properties subject to the Green Deal Government Scheme
Are properties subject to the Green Deal Government Scheme acceptable security to us?
Properties with a Sinking Fund
Are Properties with a Sinking Fund considered acceptable security to us?
Properties with an Unregistered Title
Are Properties with an Unregistered Title considered acceptable security? If so, what is the policy on this?
Property owned for less than 6 months by Vendor
Will we consider an application for a property where it has been owned for less than 6 months by the current vendor?
Restrictive Covenants
Will we consider an application on a Property where there is a Restrictive Covenant?
Service Charges
Will we ignore Service / Ground Rent / Maintenance Costs in the affordability assessment?
Solicitors
Is the applicant free to use any solicitor of their choosing and without the firm meeting specific requirements? E.g. Is there a requirement for a minimum number of Partners in a Practice or for the applicant to use a specific Panel of Solicitors?
Splitting of Title Deed
Will we allow the Splitting of a Title Deed to be done on Completion?
Tenants in Common Acceptable
Will the lender consider an application from Tenants in Common? If so, what is the policy on this?
Tenure
What Tenures are acceptable to us? What is the specific policy detail on these?
Two Applicants on Mortgage but One Named on Deeds
Will we consider an application from joint borrowers where only one will be the legal proprietor / owner?
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