DIP to Offer Process
As a valued partner we want to make sure your application submission is as smooth as possible. Our DIP to offer process shows you the six key stages of an application with us.
Don't forget to key in the applicant's expenditure details into the system.
You will recieve feedback from an underwriter with decisions or questions.
A list of packaging requirements will be sent to you.
You must include all elements from the DIP Accept list. You will then need to pay the fees via the online portal.
An underwriter will assess the final application and will be in contact with you if they have any final questions or require any additional information.
Following the acceptance of your application, a valuation will be instructed, assessed and then an offer can be made.
We have enhanced our Right to Buy offering by reducing rates and increasing the loan-to value, making the opportunity for your clients to purchase their currently council owned homes a reality.
Our Discount for Term Right-to-Buy and Right-to-Buy Further Advance products now have a reduced rate of 3.79% over the mortgage term. The LTV has also been increased to 85% (100% of the discounted purchase price) from 80%.
Furthermore, our Discount for Term Interest Only and Discount for Term Part & Part products also see a reduced rate to 3.64%. Our Discount for Term Interest Only product is now available for both purchase and remortgage.
Find out more here.