The basic packaging requirements for an underwriter to review your case:

•    Fully Completed Application Form on DPR

•    Signed Mortgage Application Declaration/Fee Declaration

•    Valuation fee (including £125 application fee). Please refer to our Valuation Fee Scale

Employed

•    1 Months most recent Bank Statement for all personal current Accounts held 

•    3 Months Payslips & latest P60

Self Employed

•    1 Months most recent Bank Statement for all personal current Accounts held 

•    3 Months' Bank Statements for all business current Accounts (6 months if only 1 years Accounts)

•    SA302's & Tax Calculations with corresponding Tax Overviews as proof of income for the last 3 years

• If applicant has any other properties whatsoever, mortgaged or unencumbered (BTL/resi/holiday home) – completed Property Schedule is required
• Proof of retirement income is required when applicant is within 10 years of desired retirement age at the time of application
• Proof of rental payment covering 12 months where applicable. Bank statements are required where Tenancy is not via a Professional Letting Agent or Private Landlord’s reference. A reference alone is acceptable where Tenancy is managed by Letting Agent
• Proof of mortgage payments, covering 12 months, where applicable
• Proof of Deposit
• Three year’s proof of residency if applicant not on Voters Roll
• LMS declaration form
• Consent to Mortgage form is required when there will be any persons residing in the property on completion age 17 or over
• BTL Supplementary Declaration
• Memorandum of Sale of Housing Association for all Shared Ownership cases
• Right to Buy Notice from Council for all Right to Buy cases.

Our packaging requirements for Self-Build cases are below:

• If the applicant is not a tradesperson themselves or is a tradesperson and does not have a project supervisor, we will require a professional project manager. Confirmation will be required along with qualifications
• A firm timetable for construction of the property is required
• Schedule of Works which must include a contingency amount of 20%
• Outline planning consent for the type of property the applicant intends to build with at least two years’ consent remaining is required
• Ten years' structural warranty is required. List of main providers are held on the UK Finance Handbook. Other providers may be considered subject to checks of the UK Finance handbook
• Site insurance and a copy of the insurance schedule will be required with a minimum of the following included:
  • £5 million public liability
  • £10 million employers’ liability
  • Contract works (for the re-instatement value)
  • Dudley Building Society to be noted as mortgagee
• Site insurance will be accepted from a set list of providers. Other providers may be considered subject to checks of the UK Finance handbook
• Before building commences the valuer must have sight of the detailed planning and building regulations approvals. A Builders Notice will not be acceptable
• Architects’ plans and specifications for the property