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Our lendingcriteria

Here's a guide to help your mortgage application go smoothly.

About you and how much you can borrow

Remortgages

  • For remortgage applications, at least one applicant must have owned and lived in the property to be remortgaged for a minimum of six months prior to the application date.
  • Maximum LTV 95%

Maximum age

The maximum age limit for a mortgage depends on your personal circumstances. Please call us on 0345 1200 842* and we can discuss this with you.

Self-employed or company director?

If you are self-employed, a limited company director or salaried director with a shareholding in a company, we may need additional proof of your income. Usually this is obtained from your accountant. In addition to this we will require both personal and business bank account statements. A breakdown of our document requirements are detailed below.

Things to consider before your application

  • You need to be at least 18 years of age to apply for a mortgage.
  • You must have been permanently resident in the UK for at least two years to apply for a mortgage with us. Applicants must be UK citizens or hold a European passport.
  • The minimum loan term is 5 years
  • The maximum loan term is 35 years (provided that this does not take the loan beyond your 75th birthday)
  • You have the right to repay the loan either partially or in full during the term of the loan
  • Will the mortgage term you require extend past your expected retirement age? If it will, we cannot accept an online application and you would need to apply over the phone.
  • When you request a lending decision (the first stage of an online mortgage application), we verify your details with a credit reference agency - this leaves a record on your credit file.
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Loan amounts

Minimum loans

The minimum amount you can borrow is dependent on the following criteria:

  • For loan sizes less than or equal to 75% LTV our minimum loan amount is £25,001

  • For loan sizes greater than 75% LTV our minimum loan is £50,000


    - If you're taking out more than one product, the minimum amount on any one product is £25,001 (subject to the total loan being at least £50,000).
  • For Additional Loans our minimum loan Size is £3,000

Maximum loans - new build properties

  LTV for all new build properties
Up to £1,000,000 85%
£1,000,001 to £5,000,000 75%

Maximum loans - existing properties

  LTV for existing properties - including flats
Up to £500,000 95%
£500,001 to £1,000,000 85%
£1,000,001 to £5,000,000 75%

Important information

  • Maximum loans for online application is 95%

Applications with a loan size over £500,000 will be subject to additional lending rules, which may impact the maximum borrowing that can be offered.

Loan to Value or LTV

The LTV is your mortgage amount as a percentage of the purchase price or the valuation amount of the property, whichever is the lower of the two. For example, a £90,000 mortgage on a property worth £100,000 has an LTV of 90%.

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Income requirements

The amount you can borrow is determined by your income and by also taking into account any existing financial commitments you have to ensure your mortgage payments will be affordable.

We consider the following:

  • your basic salary

  • other sources of income


    (eg. overtime payments and bonuses)
  • financial commitments


    (eg. maintenance payments, loans, credit card balances and regular outgoings such as school fees)
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Documents you'll need

When you apply for a mortgage, we'll need to see the following documents:

  • Proof of Identity
  • Proof of your address

Click here to see a list of documents we will accept as proof.

If you are employed, we will also need the following:

If your loan is less than 75% LTV:

  • Your last payslip with a corresponding bank statement

If your loan is more than 75% LTV:

  • Your last 3 payslips plus the bank statement showing the salary credit from your most recent payslip.

Self Employed/Partnership/Limited Liability Partnership (LLP)

  • Latest month's personal bank statement
  • Latest month's business bank statement

In addition to this we will write to your accountant for confirmation of your income. If your accountant is not on our list of recognised accountants (see list below) or you do not have an accountant, we require your latest 3 years SA302s.

Limited Company Directors with more than 25% Shareholding or less than 25% where your income is derived from dividends

  • Latest month's personal bank statement
  • Latest month's business bank statement

In addition to this we will write to your accountant for confirmation of your income. If your accountant is not on our list of recognised accountants (see list below) or you do not have an accountant, we require your latest 3 years SA302s.

Salaried Directors with less than 25% shareholding

Salaried directors with less than 25% shareholding are treated for income purposes as employed applicants and the same evidence of income is required as detailed against employed applicants.

Salaried Directors with more than 25% shareholding

  • Latest month's personal bank statement

In addition to this we will write to your accountant for confirmation of your income.

Something to bear in mind: We'll always take into consideration the net profit for the last trading year or the average for the last 3 years, whichever is lower. If the business has been set up for less than 3 years, details from the last 2 years together with a projection for the current year will be used.

List of recognised accountants

  • Institute of Chartered Accountants (FCA/ACA)
  • Association of Chartered Certified Accountants (ACCA/FCCA)
  • Chartered Institute of Public Finance Accountants (CIPFA)
  • Institute of Company Accountants (ASCA/FSCA)
  • Association of Authorised Public Accountants (FAPA/AAPA)
  • Association of International Accountants (FIA/AIA)
  • Institute of Chartered Accountants in Scotland (FCAS/ACAS)
  • Institute of Chartered Accountants in Ireland (ICAI)
  • Chartered Institute of Management Accountants (CIMA)

Vital information about your ID documents

All documents that you send must be originals or certified true copies. Please follow these guidelines to make sure we can accept what you send to avoid delays:

Who can certify:

  • Bank employees
  • Accountants
  • Solicitors (including Barristers)
  • Commissioner for Oaths - this is a title held by almost all UK and Irish solicitors and some Legal Executives.
  • Independent Financial Advisers or mortgage / insurance brokers. Must be Financial Services registered and will need to provide their FSR number when certifying.
  • Post Office employees

How to certify copies:

The person who certifies your copy must include the following on EVERY page of that copy. (For lengthy documents, such as accounts, the person certifying can state the following on the first page: the number of pages in the document and that they have seen and certify the full copy as a true copy of the original.)

  • "I certify that this document is a true copy of the original." If the document is photo ID, they should also state "and is a true likeness of the individual."
  • Full Name & Signature
  • Profession
  • Business Address including company name.
  • Telephone Number
  • If they are an Independent Financial Adviser, mortgage or insurance broker, their FSR number.

Getting your documents to us

  • Post to:
    Central Processing
    Yorkshire House
    Yorkshire Drive
    Bradford BD5 8LJ
  • We recommend you wait until you have all your documents and post them together as we don't start processing until we've received all the documents that we've requested.
  • It's also a good idea to send documents "signed for" or "guaranteed delivery" to speed up the process and to ensure original documents are safe. Even if you send certified documents rather than originals, if these go missing, this will cause delays as you'll have to make new copies and get them certified.
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Higher Lending Charge (HLC)

Where a loan exceeds 75% of the purchase price or valuation (whichever is the lower) there is increased risk to us. To cover us against this risk, a Higher Lending Charge (HLC) is payable. This charge will be paid by us. Even though we will pay a HLC, you are still responsible for the money you owe, including any shortfall.

Mortgage calculators

Use our simple calculator tools to work out how much your repayments could be, how much we could lend to you and if an Offset mortgage could save you money.

Your questions answered

Contact us