The following also applies for Interest only mortgages in addition to standard mortgage criteria

The following also applies for Interest only mortgages in addition to standard mortgage criteria

I

Incapacity benefit • Identification • Interest only

Incapacity advantage (now called Employment & Support Allowance)

We are able to give consideration to as much as 100per cent of incapacity advantage being an income that is additional at the mercy of an underwriter’s discretion.

Recognition

Included in the scoring procedure, we’re going to electronically attempt to confirm and validate the identification of a job candidate. If effective, you can expect to get a note during the point of application distribution to ensure that individuals will likely not need any further evidence of identification for the client. Where we have been not able to validate their identification, you’re going to be expected to send us certified copies of the identification papers.

Interest just

Minimal earnings of ВЈ75,000 for single candidates.

For joint applications a minumum of one applicant can make ВЈ75,000, or even the joint candidates can make a blended earnings of ВЈ100,000.

Qualifying Money Examples

App Type Money Outcome

Sole ВЈ75K matches minimal income – ВЈ75k single earnings requirements

Joint ВЈ50K + ВЈ60K satisfies minimal income – ВЈ100k combined earnings requirements

Joint ВЈ75K + ВЈ20K satisfies minimum income – ВЈ75k single earnings requirements

Joint ВЈ50K + ВЈ40K Fails minimal income – Neither ВЈ75k sole or ВЈ100k income that is joint

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