<u>Qualifying Income Examples</u>

App Type Money Outcome

Sole ВЈ75K meets income that is minimum ВЈ75k sole earnings requirements

Joint ВЈ50K + ВЈ60K matches minimum income – ВЈ100k combined earnings requirements

Joint ВЈ75K + ВЈ20K suits minimal income – ВЈ75k single earnings criteria

Joint ВЈ50K + ВЈ40K Fails minimal income – Neither ВЈ75k single or ВЈ100k joint earnings

J

Japanese knotweed • Job Relocation

Japanese knotweed

The valuer will evaluate each instance for a basis that is individual into consideration facets such as for instance marketability, mortgageabilty and insurability. To learn more about the RICS groups and definitions, therefore the NatWest Groups demands please treat this document.

Job Relocation

Where an individual is relocating their domestic house an underwriter may require quality regarding the clients employment sustainability that is ongoing.

Please update the records portion of the Mortgage application or outline a memo making clear your consideration for which you have actually taken into account unreasonable commuting, current part persistence when you look at the brand new area or developing a fresh client base to aid the home loan application.

L

Large acreage • Leasehold • Lending limits • Let-to-buy • Letting to a grouped family member • Limited business directors • Live/Work properties • Loans / charge cards

big acreage

We are going to perhaps perhaps not give consideration to properties with a plot size in excess of 4 hectares/10 acres.

We need at the least three decades become staying from the rent in the final end associated with the home loan term. Nevertheless, some freedom is permitted for properties in prime areas in main London, in which the minimum lease kept in the end for the mortgage must certanly be ten years. Then please discuss this with your BDM for further guidance if the lease left is under 85 years.

In most circumstances, evaluation shall be manufactured on the basis of the valuer’s reviews.

Lending limits

For New Build Lending Limits and Max LTVs, please utilise our committed New develop Guide

In the event that lease received from the existing home covers the mortgage repayment we shall maybe not add this within our affordability evaluation in the brand new home.

Permitting to a member of family (regulated buy-to-let)

We try not to currently help managed buy-to-let.

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