Application do's and don'ts
To make the application process a little easier, we have
provided you with the following list of do's and don'ts to help you
along your way.
Application do's
and don'ts >
Keying an application
DO ensure that the address history provided is
accurate
Any linked addresses found on the credit
search in the last 3 years will be searched and information found
may alter the initial underwriting decision
DO ensure that the information
you submit on a dip is correct
Incorrect information
may affect our decision to lend
DO ensure that the applicant’s
full name is keyed including any middle name or maiden
names
If any other name is picked up on the credit
search regardless of how long ago it was used, this has to be
re-searched which could alter the initial decision
DO add 2 telephone numbers for
each applicant
This is a requirement on all
applications and providing the telephone numbers at initial
application stage will reduce additional requests
DO add full vendor details as
well as selling agent
We require this information and
getting this up front avoids additional underwriting requests
DO include the individual
Solicitor acting as well as company name
This is
required on all applications and will not complete until the
information is provided
DO ensure that the deposit
reason on the application is correct
Changes to this
during processing can cause delays and may alter the initial
underwriting decision
DO check accountant’s
qualification prior to submitting
We can only accept
accounts/accountant’s certificates from a qualified accountant as
described in our lending
policy. If a suitable qualification is not held we
will require HMRC confirmation of earnings
DON’T key names in CAPITALS as
this will need to be changed and will prompt a
re-search
Any updated information on the search will
be taken in to account and may affect the original decision
DON’T key overtime/bonus or
other income in with basic income
We require all
income to be split accordingly; there are different boxes for each
type of income. If we need to change the information it may affect
affordability
Proof of deposit
DON’T
submit internet bank statements for proof of deposit without
getting them stamped by the issuing bank
The majority
of bank statements received now for proof of deposit are internet
print off’s. These need to be stamped and signed by the issuing
bank. Alternatively we can accept full bank statements
Additional tips
DO ensure that any ID is correctly certified
ID
certification needs to include the following:
Brokers name to
be printed, signed and dates
Company name
And the wording
'I certify this to be a true copy of the original document' and
where required 'A true likeness of...'
We cannot accept ID if it is not
certified this way. Full guidance can be found in our lending
policy >
Platform DO accept fax or
scanned copies of most documentation
To avoid any
post delays please fax or scan and email any information other than
ID where we require an original certification. This will speed up
the underwriting process