Criteria Hub

We can potentially consider applicants who have had CCJs registered more than three months ago and less than 12 months ago.

We can’t accept more than one satisfied CCJ to the value of £250 in the past two years.

We can potentially consider applicants that have had CCJs registered in the past three months.

We can’t accept more than one satisfied CCJ to the value of £250 in the past two years.

We can potentially ignore any CCJs which were registered more than 36 months ago. We can look up to the past six years.

We’ll consider this income as part of our affordability assessment. We’ll also consider how sustainable the income is over the mortgage term.

We ignore ‘Child Care Vouchers’ when assessing affordability.

Income must be derived from a current contract with a minimum term of six months and at least three months remaining at the time of application.

We may consider coach houses, provided they don’t span an accessway.

We can consider 100% of commission as a source of income for affordability purposes, subject to underwriter assessment.

We can consider 100% of commission as a source of income for affordability purposes, subject to underwriter assessment.

We can consider 100% of commission as a source of income for affordability purposes, subject to underwriter assessment.

We can consider 100% of commission as a source of income for affordability purposes, subject to underwriter assessment.

We don’t lend on commonhold properties.

We lend on standard construction types. Please refer to our property criteria for further details.

We don’t accept properties situated on contaminated land.

We don’t accept seasonal contracts as a source of income for affordability purposes.

We accept applicants on fixed-term contracts, subject to:

• Having at least 12 months experience in a similar role
• At least three months remaining on their contract at time of application OR a confirmed renewal OR evidence that provides confidence of continued employment.

We’ll consider contractor income paid through an umbrella company.

We assess contractor income using the day rate multiplied by five and then by 48 weeks.
Applicants should have 12 months’ experience or employment in a similar role.
Where there are gaps of more than three months, we’ll require an explanation.
There must be at least three months remaining on the contract, or evidence of a new contract.

We can also consider multiple contracts where there is evidence of experience and a history of managing multiple contracts.

We’ll use 100% of contract income for assessment. We can consider applicants from Day 1 if they have:
– At least 12 months’ experience in a similar role
– A 12 month contract
– A current contract with a minimum of three months remaining at the time of
application
Please note: where there is less than three months remaining in the applicants’ contract, we can still consider if the applicant can evidence a contract renewal or other confirmation that provides confidence of ongoing work.

We’ll accept satisfied CCJs up to a total of £500 within the last three years, or where they were registered more than three years ago with balances over £500. Applicants must have maintained good credit conduct since and provide a satisfactory explanation. Unsatisfied CCJs must not exceed £250 in total, must be more than three years old and no more than six years old.

We primarily assess the property’s ability to service the loan, while also considering the applicant’s ability to withstand short-term rental voids. We’ll review credit files and bank statements as part of our assessment.

We complete both a credit check and a credit score assessment. A hard footprint will be recorded at Decision in Principle stage.

We can potentially accept applicants with criminal convictions.

Please refer to our Lending Support team on 0800 138 9109 for more details.