@PBS / SECURE LOGINChild benefit and tax credits, such as working families tax credits and child tax credits are acceptable in full, subject to payments being assured for at least 5 years at the outset of the mortgage. Where these benefits are paid as an element of a Universal Credit payment, the Society will continue to accept 100%.
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All mortgage valuation, revaluation, re-inspection and legal fees will be the responsibility of the borrower(s), unless the product specifically states these are covered by the Society. Where the Society is covering these fees, the criteria to be met should be specified in the product literature and any additional fees outside of this criteria should be […]
Child benefit and tax credits, such as working families tax credits and child tax credits are acceptable in full, subject to payments being assured for at least 5 years at the outset of the mortgage. Where these benefits are paid as an element of a Universal Credit payment, the Society will continue to accept 100%.
All income must be evidencable.
Cash (where the applicant has ‘saved at home’) Sale of assets e.g. sale of vehicle / jewellery Unsecured borrowings
Applicants must be a UK or EEA citizen or have indefinite leave to remain in the UK. Applications from Foreign Nationals will be declined unless applicants’ nationality is from a country in the EEA (European Economic Area) or where the applicant, or (in the case of joint applicants, both) have a permanent right of residency […]
Min term – 5 years Max term – 35 years
The Society charges borrower(s) for certain administrative matters associated with their mortgage. These include fees for duplicate/ replacement statements, electronic bank transfer fee and are set out in the Society’s Tariff of Charges.
Acceptable Tenures a. Freehold or feudal (Scotland) b. Flying Freeholds (where these are a feature of local housing and properties are classed as readily saleable and completing solicitor confirms that all necessary legal rights of access exist etc.) c. Leasehold houses/flats where unexpired lease is a minimum of 60 years, at expiry of the mortgage […]
Child benefit and tax credits, such as working families tax credits and child tax credits are acceptable in full, subject to their receipt being assured for at least 5 years at the outset of the mortgage.