Each and every UK mortgage lender will have it’s own lending criteria, sometimes referred to as a credit policy. On this section of the MortgageMap website we aim to give you some pointers on what the lenders are looking for in their criterion.
We hope this will enable you to successfully apply for the mortgage or remortgage you are looking for. Though each will have their own unique rules many are across the board so we will start with those then move on to some of the more unusual.
Firstly it’s worth pointing out that it is illegal to discriminate on the grounds of sex, race, ethnic or national origin, religion or disability when considering lending applications. All applicants must be 18 or over. Secondly it’s not just you they assess it’s the property you want to secure the loan against. For instance a lot of lenders will not lend on flats in a block with more than five storeys.
The links down the left hand side of the page cover many more detailed areas that may be of interest to you.
There are 2 ways to deal with the conundrum of the different lending criteria, either take the time to familiarise yourself with them or let a mortgage broker guide you with the years of experience they have on the subject.
The best short cut you can make is to tell one of our mortgage advisers what your current situation is, they will quickly guide you to the lender that best suits your circumstances.
ü Fill out our fast and easy express form
ü Adverse Credit Accepted
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LENDING CRITERIA