|Income type||Proportion considered|
SA302s will only be accepted in addition to the full business accounts. SA302s are not acceptable proof of income on their own but will be requested where the accounts have been prepared by an accountant who does not appear on our list of accepted qualifications. We may also request them to confirm dividends which do not appear in the business accounts.
Reports may be accepted from members of the following bodies:
– The Institution of Structural Engineers (www.istructe.org.uk)
– The Institution of Civil Engineers (www.ice.org.uk)
The report must be referred to the valuer for comment. If the report is not addressed to the applicant, written confirmation must be obtained from the originator that its contents may be relied upon by the applicant(s).
We will not lend on any property with either ongoing movement or where monitoring is required, where this is identified by either the valuer, or where evident in the structural engineer’s report.
The valuer may request additional reports from specific governing bodies.
We may require specialists’ reports. These most commonly will be:
– Timber and damp, electrical, trees, cavity wall ties;
– Mining report (as these are obtained by the solicitors, a special condition is imposed at offer);
– Any such reports should be prepared by a reputable firm and should be forwarded to us for review and referral to the valuer
The valuer may request additional reports from specific governing bodies
|Table 1||Table 2|
|Valid passport||Valid (old style) full UK driving license|
|Valid photo card driving license (full or provisional)||Recent evidence of benefit entitlement|
|National identity card||Instrument of a court appointment|
|Firearms certificate or shotgun license||Current council tax demand letter or statement|
|Identity card issued by the Electoral Office for Northern Ireland||Non-internet generated bank statements and utility bills|
SIC code must be:
The SIC code of the company application must be one of the following:
Property transfers from Personal to Limited Company are acceptable at full market value.
These will be treated as a purchase
Personal guarantees will be collected for each director
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