Residential Lending Criteria
What we’ll lend on and who we’ll lend to for residential applications.
- Accountant Qualifications
- Acreage restrictions
- Additional Borrowing
- Adoption Allowance
- Adverse credit
- Affordable Housing
- Age Gap Between Customers
- Agency Workers
- All Benefits No Earned Income
- Bank nurse
- Customers
- Customer with Diplomatic Immunity
- Customers Paid in a Foreign Currency
- Apprentice
- APRC
- Airbnb
- Arrears (mortgage, secured and unsecured)
- Assignable Contracts
- AVM (Automated Valuation Model)
- Back-to-Back Remortgage
- Bank Statements
- Bankruptcy
- Back-to-back Transactions
- Barn Conversion
- Benefit Income
- Below market value purchase
- BISF Properties
- Bridging
- Bonuses
- Borrow Back Facility
- Borrowing purposes
- British National Working Overseas or Offshore
- Builder's deposit
- Builder Part Exchange
- Bursaries
- Buy for University (Student Mortgages)
- Cabin Crew
- Can extend mortgage offer
- Capital Raising
- Carer's Allowance
- Cashback
- Cash Reserve / Facility for Additional Funds
- Childcare Costs
- CIS Workers / Sub-Contractors
- Cladding
- Change of property
- Coal Mining Authority Reports
- Company Directors based Overseas
- Commercial properties
- Commission
- Commission Only Pay
- Communications default
- Company / Occupational Pension
- Conflict of Interest
- Consent to let
- Concessionary Purchase and Gifted Equity (Family)
- Concessionary purchase (Landlord)
- Construction types
- Contractor (Day Rate) Professional Services
- Converted flats
- Credit Commitments To Be Repaid
- Credit commitments with less than 12 months remaining
- Credit referencing
- Credit score and credit reference agencies
- Criminal record
- Cryptocurrency
- Day One Remortgage
- Daily Interest
- Debt Consolidation
- Declines
- Dependant Relative Purchase
- Deposit Sources - Acceptable
- Direct debit
- Director's Dividends
- Director's Loans
- Diplomatic immunity
- Disability Living Allowance
- Discounted Market Sales
- Disqualified directors
- Dividend income from shares
- Distressed Sales
- Dry rot
- Early Repayment Charges (ERCs)
- Employment
- Employed by family
- Future Employment
- Employed Director - Share in Business
- Employer's Reference
- Energy performance certificate (EPC) ratings
- ESIS
- Estate charges/ground rent
- Execution only
- Existing customers
- Expenditure
- Expatriates
- Family Assisted Mortgage
- Our fees and charges
- First Home Scheme
- First monthly payment
- First Time Buyer
- Fixed-term contractors
- Flat Roofs
- Flats with deck access
- Flats above Commercial Premises
- Flooding
- Flying freeholds
- Foreign Currency Incomes
- Foreign Nationals
- Former Houses of Multiple Occupation (HMO)
- Foster care
- Forces help to buy
- Forces Personnel
- Freehold flats
- Freehold maisonettes
- Full Vacant Possession required on Completion
- Further advance
- Gambling transactions
- Foreign and gifted deposits
- Grade Listed Buildings
- Green Mortgages
- Guaranteed Income Payment for Forces
- Guarantors
- Guardian's Allowance
- Ground rent
- Help to buy
- Higher Lending Charge
- High-rise flats
- Holiday Home
- Housing benefit
- Identification Proof
- In an Arrangement To Pay
- Income from a Lodger
- Industrial Injuries Disablement Benefit
- Inheritance
- Inherited property
- Interest only
- IT Contractors
- Investment Income
- Japanese knotweed
- Job Seeker's Allowance
- Joint Borrower Sole Proprietor (JBSP)
- Key Worker Scheme
- Kitchens
- Knock Through to Property Next Door
- Landlocked Property
- Large Loans
- Lease term remaining
- Leasehold flats and houses – management charges and ground rent
- Lend Against Land
- Lender's Exposure Limits within a Development or Postcode Area
- Lending above 85% LTV
- Lending in Retirement - Customer Retired at Application
- Lending into Retirement - Term Extends into Retirement
- Light Refurbishment
- Local Authority Grant Scheme
- Lodger / Boarder
- Loan to income multiples
- London Weighting / Large Town Allowance
- Lending to Limited Companies
- Lending to Trustees
- Limited Company Directors
- Limited liability partnerships
- Live/work properties
- Loan amount
- Local or ex-local authority property
- Location
- Maintenance payments – Court Ordered
- Maintenance payments - Not Court Ordered
- Maternity, Paternity and Parental leave
- Maximum age
- Maximum LTV (and loan size)
- Maximum Number of Bedrooms
- Maximum Number of Floors / Storeys without a Lift
- Maximum term
- Minimum Income
- Minimum loan
- Minimum Property Value
- Minimum Square Metres
- Minimum term
- Mixed Use Properties / Part Commercial
- Mortgage Guarantee Scheme
- Mortgage Offer Validity - New Build House / Flat
- Mortgage Prisoners
- Mortgage Subsidy from Employer
- Mortgage Term in Years and Months
- Multi-Unit Freehold Block (MUFB)
- Mundic Block Properties
- New build
- NHS Trainee Doctors – Fixed Term Contract
- Non-EU foreign nationals
- Non-Simultaneous Sale & Completion
- Non-UK Tax Payer
- Non-Standard Utilities
- Occupancy
- Offer extensions
- Offset Mortgages
- Offshore Mortgage
- Overage
- Overdraft Usage
- Overhead Power Lines
- Overtime
- Incentives
- Offer Validity Period
- Overpayment Allowance
- Payday loans
- Paid In Cash
- Part and Part mortgages
- Equity Partner - Limited Liability Partnership
- Percentage of Credit Card Balance used for Affordability
- Pension Income
- Pension Contributions
- Porting
- Pre-emption
- Private water supplies
- Probation
- Product fees
- Product Transfers
- Proof of address
- Property location
- Properties above commercial premises
- Property rental income
- Purpose of the loan
- Repayment methods
- Right to Buy
- Remortgage from a Bridging Loan
- Rental income
- Re-offers and product switching to a lower rate pre-completion
- Residency and foreign nationals
- Restrictive covenants
- Retentions Full/Partial
- Retirement Interest Only (RIO): Mortgages
- Scottish properties
- Seasonal Employment
- Seafarers
- School Fees
- Search Indemnity Insurance
- Second customers
- Second Charges
- Second Charges – Existing borrowers
- Second residential property
- Second Job Income
- Self-builds
- Self-employed
- Service Charge and Ground Rent
- Sharia Law Mortgages
- Shared Equity
- Shared ownership
- Shift Allowances
- Short Term Renewable Contracts
- Soft Footprint at DIP/AIP Stage
- Solar panels
- Sole customers
- Sole Trader/Partnership
- Solicitors
- Split Mortgage Terms
- Sports Professionals
- Spray Foam Insulation Underside of Roof
- Spousal Dependent Visa
- Spousal Maintenance
- Standard Variable Rate
- Structural reports
- Student loans
- Subcontractors
- Sub-Sales and Reassignment of Sale Contracts
- Studio flats
- Term
- Tenanted properties
- Tenure
- Tips/Tronc
- Transfer of equity
- Two Customers on Mortgage but One Named on Deeds
- UK Bank Account & Direct Debit Mandate
- Umbrella or Agency Employed on PAYE
- Unadopted Roads
- Unauthorised Overdraft Charges
- Unaccepted property types
- Unacceptable Customers
- Unearned Income e.g. Trust Funds
- Underpinned Properties
- Undervalue transactions
- Unencumbered Properties
- Unsatisfied CCJs
- Unsatisfied Defaults
- Universal Credit
- Valuation Appeals
- Valuation Report Validity
- Valuation Minimum Property values
- Vendor Gifted Deposit
- Voter's Roll (Electoral Register)
- Vulnerable Customers
- Widow's Pension
- Working for a Family Business
- Working tax credit
- Zero Hour Contracts
- State Pension income
- Changing the Property After Getting a Mortgage Offer
- BNO Visas
- Financial Associates with Adverse Credit
- Which solicitor acts on behalf of MPowered if we'd like to use separate representation?
- Will a new affordability check be required for an existing customer remortgaging?