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The following also applies for Interest only mortgages in addition to standard mortgage criteria

The following also applies for Interest only mortgages in addition to standard mortgage criteria

I

Incapacity advantage • Identification • Interest just

Incapacity advantage (now referred to as Employment & Support Allowance)

We are able to give consideration to as much as 100per cent of incapacity advantage as a extra earnings, at the mercy of an underwriter’s discretion.

Recognition

Included in the scoring procedure, we shall make an effort to electronically confirm and validate the identity of a job candidate. If effective, you certainly will receive a note in the point of application distribution to verify that individuals will likely not need any proof that is further of for the client. You will be asked to send us certified copies of their identity documents where we are unable to verify their identity.

Interest just

Minimum earnings of ВЈ75,000 for single candidates.

For joint applications one or more applicant can make ВЈ75,000, or the joint candidates can make an income that is combined of.

Qualifying Money Examples

App Type Money Outcome

Sole ВЈ75K matches minimum income – ВЈ75k single earnings requirements

Joint ВЈ50K + ВЈ60K meets income that is minimum ВЈ100k combined earnings requirements

Joint ВЈ75K + ВЈ20K meets income that is minimum ВЈ75k single income requirements

Joint ВЈ50K + ВЈ40K Fails minimal income – Neither ВЈ75k single or ВЈ100k income that is joint