Mortgage Advance Calculator

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Accepted Income

100% of the following income types

• Gross Basic Salary
• Regular Bonuses
• Regular Overtimes
• Private or occupational pensions
• Disability / Mobility benefit
• Regional Weighting
• Maintenance payments
• Commission
• Rental Profit (Rental income minus any Buy To Let mortgage payments)
• Second Income from a secondary job
• Working Family Tax Credit (no other forms of tax credit)
• Special Duties Allowance
• Unsocial Hours Payments

Incomes which are acceptable on a case by case basis (referrals)

• Trust Fund or Investment income
• Mortgage Subsidy

Unacceptable Incomes

• Any other benefits (this includes invalidity benefit)
• Any other type of tax credit
• Car Allowance / Travel Allowance
• State Pensions

Adverse Levels

Ignored Adverse

• Arrears over 12 months ago
• CCJs over 36 months ago
• CCJs or Defaults under £100.00
• CCJs satisfied over 12 months ago
• Defaults over 12 months ago

Low

Maximum Arrears

• 1 in the last 12 months
• 0 in the last 03 months.

Maximum CCJs

• 3 in the last 36 months
• 0 in the last 12 months

Maximum Defaults

• 0 in the past 12 months if self-certified and over 85% LTV
• 0 in the past 12 months for FTBs

Bankruptcies

• Not acceptable

Repossessions

• Not acceptable

IVA

• Not acceptable

Medium

Maximum Arrears

• 3 in the past 12 months
• 2 in the past 12 months over 80% LTV
• 0 in the past 3 months

Maximum CCJs

• 5 in the past 12 months
• 0 in the past 3 months

Maximum Defaults

FTBs

• 0 in the past 6 months

Over 85% LTV

• 1 in the past 12 months

FTBs and Self-Cert

Up to 80% LTV

• 3 in the past 12 months
• 0 in the past 6 months

Over 80% LTV

• 2 in the past 12 months
• 0 in the past 6 months

If not Self-Cert or FTB

• Unlimited

Bankruptcies

• Satisfied over 12 months ago

Repossessions

• Over 3 years ago and settled

IVA

• Satisfied over 12 months

High

Arrears

• Unlimited

CCJs

• Unlimited

Defaults

• Unlimited

Bankruptcy

• Discharged

Repossession

• Acceptable

IVA

• Satisfactorily conducted