Mortgage Intermediaries

Lending Criteria

Contents High level eligibility criteria Applicant details Income and expenditure Property details Mortgage details Documentation

For mortgage intermediary use only

High Level Eligibility Criteria •

The purchase or remortgage of the applicant’s main residence.

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The property must be of standard construction, in good condition and be used for residential purposes.

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Aged 18 and over with a maximum age of 75 on expiry of the mortgage term.

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Minimum term of 3 years up to a maximum of 40 years.

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All applicants must hold a UK Bank current account.

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Non EU nationals with permanent right of residency.

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Maximum of 2 applicants.

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Applicants must have a good credit history with none of the following: 1.

Recent missed payments

2. CCJ 3. IVA 4. Bankruptcy •

Minimum household gross income £20,000.

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A maximum Loan to Income multiple of 4.5 times gross annual income.

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Minimum loan amount £40,000 up to a maximum of £1,000,000.

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The maximum LTV is dependent on the property type, product limit and total loan amount. Amount of lending

Max LTV

Property Type

Max LTV

Up to - £300,000

95%

New Build House