Additional Property in the Background
Will we consider an application where an Existing Mortgage is to remain on Completion of the new Mortgage? If so, what is the policy on this?
Bank Account Authorised Overdraft Conduct
Is Authorised Overdraft usage acceptable to us?
Bank Account Overdraft Conduct
Is Overdraft usage acceptable to us?
Bank Account Unauthorised Overdraft Conduct
Is Unauthorised Overdraft usage acceptable to us?
Credit Commitments To Be Repaid
Will we accept that a Credit Commitment or a Debt will be Repaid on Completion and therefore disregard it from the Affordability Calculation?
Credit Commitments with Less than 12 Months Remaining
Where a Credit Commitment has less than 12 months remaining on the original agreed term, will we ignore it on their Affordability Calculation?
Existing Second Charges Secured on Property
Will we consider an application where there is an existing second charge on a property?
Payday Loans
Is it acceptable to us for an applicant to have any history of taking Payday Loans?
Percentage of Credit Card Balance used for Affordability
What percentage of a credit card balance is used for the affordability calculation?
Personal Finance has been used for Business Purposes
Will we ignore any personal finance that has been used for business purposes in the affordability calculation?
Residential Mortgage in the Background To Remain
Will we consider an application where a Residential Mortgage is to remain on Completion of the new Mortgage?
Salary Sacrifice
Will we ignore Salary Sacrifice deductions in the affordability assessment?
Second Home / Property / Pied a Terre
Will we accept an application for a Second Home / Property? If so, what is the policy on this?
Student Loans
Will we ignore Student Loan deductions in the assessment of affordability? What is our policy on this?
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