No.
FAQs
Our FAQ section covers everything you need to know about eligibility, loan requirements, affordability assessments, and property criteria.
Do you allow shared ownership?
Where an element of ownership is still held by a housing agency or similar, we cannot lend. This includes where a customer is staircasing to 100% and purchasing the final share.
Can product fees be added to the loan
No. Product fees cannot be added to the loan and must be paid upfront.
Do you accept applications for joint borrower, sole owner?
No, all registered owners of the property must be named on the mortgage as an applicant.
Do you allow overpayments?
Yes, your customer can overpay as much as they want at any time; however, the payment may be subject to early repayment charges. Their mortgage offer will detail the charges that apply and how long they apply for.
How do you treat credit cards and existing loans?
We take 4% of existing credit card balances and overdrafts at submission, even if the intention is to repay these before completion.
Existing unsecured loans and other debts will be included in our affordability calculations regardless of whether they are to be repaid prior to completion or not.
How does my customer pay outstanding fees?
Upon FMA, a link to pay will be sent directly to the customer.
How long is the DIP valid for ?
DIPs are valid for 90 days.
How long is the mortgage offer valid for?
Mortgage offer letters are valid for 180 days.
