Find out how much we could lend, taking account of your client’s financial circumstances.
The summary page on step 4 displays the amount we could lend with the option to view and save a summary of the information you've entered.
Step 1 - application details
Completing this section helps to provide a more accurate loan amount and packaging requirements on the summary page in step four.
Where your client has other properties in the background, we recommend that you enter these details into step 1B. We may need to take into account the running costs of the other properties so this will help us to calculate a more accurate result. If you decide not to provide these details the calculated loan amount may be higher than what we can offer.
Step 2 - income
Each lender treats income differently. You can check which income types we’ll consider as primary (100%) and secondary (50%) under residential lending criteria > affordability.
Input all payslip deductions. Some deductions are discretionary and may be excluded provided the applicant confirms they can be cancelled in the future if needed. For more information view our payslip guide.
You'll find the declaration in Introducer Internet FMA > loan required > repayment strategy > repayment vehicle - sale of property. The applicant names and case reference number will prepopulate in the pdf so your clients just need to sign and date the form.
Alternatively you can find the form on our website under literature > application forms and declarations > interest only sale of mortgaged property customer declaration.
3. Capital raising
Remember to provide a full breakdown detailing the use of funds in the general notes section in Introducer Internet > full mortgage application > submission form > regulation.
4. Proof of deposit
We may ask for proof of deposit, for example where a first time buyer is putting down a large deposit.
We'll ALWAYS ask for proof where the deposit is £100,000 or more and it’s not coming from the simultaneous sale of an existing property.
Please provide evidence in Introducer Internet > new application > loan required > loan details.
For gifted deposits
In Introducer Internet please detail the full name(s) of the person providing the gift, amount of gift, relationship to applicant, and any legal interest to remain (including second charge).
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