We no longer accept residential or Buy to Let applications where your client’s mortgage deposit funds originate from the below countries/jurisdictions (this includes gifted deposit applications).

Afghanistan Belarus Bosnia & Herzegovina Burundi Central African Republic China Cuba Democratic Rep. of Congo Egypt Guinea Guinea-Bissau Iran Iraq Lebanon Libya Mali Montenegro Myanmar (Burma) Nicaragua North Korea Republic of Serbia Russian Federation Serbia & Montenegro Somalia South Sudan Sudan Syria Tunisia Turkey Ukraine Venezuela Yemen Zaire (Democratic Rep. of Congo) Zimbabwe

 

Other proof of deposit changes

The following changes have also taken effect:

  • We will not accept deposit funds originating from a child’s bank account/trustee account or a foreign business bank account.
  • For gifted deposit applications where the funds are received from abroad, there are some additional requirements we may ask for to evidence the deposit including a letter from each donor providing more details.
By |2021-07-09T10:54:23+01:00July 9th, 2021|Provider News|0 Comments

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