Higher LTV criteria and top tips

Schemes

• Forces Help to Buy is available up to 95% LTV. Accepted where this is the only source of deposit.
• Shared Ownership is available up to 90% LTV. All above criteria applies.
• Right to buy is available up to 100% LTV of the discounted price. All above criteria applies.

Please be aware that we won't accept appeals for cases which have declined on credit score.

---

DIP refer

We need to underwrite some cases in more detail. To prevent delays for your clients, please see our key information for DIP refer cases.

---

Proofs

For all applications over 90% LTV, we’ll need to see:

• Proof of income (e.g. payslips)
• 3 months salary fed bank statements

We may ask for additional information following underwriter review.

---

Bank statements

As a responsible lender, we're applying enhanced criteria for all cases exceeding 90% LTV.

Here's what to look out for before submitting an application which may prevent it from being accepted:

• Bank statements - we are looking to see that there are signs of affordability and good conduct
• Have you got a full 3 months and do they show the salary entry for each week/month?
• Have all the commitments showing on the bank statement been declared in the application? (e.g. personal loans and credit cards)
• Are there any additional expenses which haven't been declared in the application - such as travel or childcare costs?
• Is the general conduct of the bank account good? Examples to look out for are - returned items (bounced payments) / reliance on overdraft / signs of financial distress
• High credit utilisation - this may indicate that the applicants will not have the ability to maintain payments in the future.

---