Lending criteria update - Source of deposit & Equity Shareholders

With effect from Tuesday 28 June 2011, we'll be making some changes to our lending criteria.

Source of deposit
Applicants' deposits must come from their own resources, or be a gift. The only borrowing allowed in conjunction with a house purchase application is an Equity Share loan.

Equity Shareholders
We are pleased to be able to consider Equity Share applications where the equity shareholder is one of the following:

  • Volume builder (i.e. regional, national)
  • Government
  • HomeBuy Direct
  • Housing Associations/Registered Social Landlord
  • Local Authority

Please note that we can no longer accept applications where the Equity Shareholder is a member of the applicant's family or their employer.

Applications under our existing lending criteria
You can reserve products through NFI Online or via MTE until 5pm Monday 27 June 2011.

Paper applications must reach the Service Centres by 5pm Monday 27 June 2011 and have a valid form of payment for the booking fee.

Contact details
For further information, please call our sales support team on 0845 601 0763, or contact your BDM.