We run various automated checks based on the information you've provided about yourself and the property.
There are a few reasons why we might not be able to lend to you. Some of the common reasons are:
Based on our Residential eligibility criteria:
- Your yearly salary is less than £24,500 (single applicant) or £40,000 (joint applications)
- We couldn't find enough credit history to help us make a decision
- Your existing credit history should information which means you fall outside of our lending criteria
- We couldn’t match the name you used on your application – So we can carry out our automatic checks and help you get a mortgage as easily as possible, we need you to provide your full legal name, not nicknames or abbreviations
- Wrong address history – We need to check your address history within the UK. If we can't confirm this, we won't be able to lend to you
- If you haven’t been living full time (resident) in the UK for the last 3 years
Based on our Residential eligibility criteria for the property:
- The property is outside England and Wales
- The property has a floor space below the minimum requirement of 30 sqm
- Property price/value below £75,000