Application Packaging Requirements
Minimum packaging requirements

The minimum packaging requirements for all cases:

  • Fully Completed Application Form on DPR
  • Signed Mortgage Application Declaration/Fee Declaration
  • Most recent bank statement for all personal current accounts held (only 1 month required)
  • Latest savings statement only required for proof of deposit/rental voids
  • 3 months' bank statements for all business current accounts held for self-employed borrowers
  • Fully completed Direct Debit Mandate
  • Two forms of ID for each applicant, one confirming name and one confirming address
  • Latest year's P60 and last three consecutive months’ payslips plus possible Employment Reference (dependent on LTV)
  • Company Accounts for self-employed (3 years' evidence of earnings for self-employed applicants, or one year's evidence for the self-employed product)
  • Valuation fee (including £125 application fee). Please refer to our Valuation Fee Scale
Ad-hoc packaging requirements
  • 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.
Self-Build packaging requirements

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
Contact Us

Contact our Intermediary Team with any case queries you may have.

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