Age of Applicant. All Borrowers must be aged 18 or over. There is no maximum age limit. However, if the term of the Mortgage extends into retirement, the Seller will attempt to ascertain the Borrower's anticipated income in retirement. If the Seller determines the Borrower will not be able to afford the Mortgage into retirement, the application will be declined. If the Borrower is already retired, the Seller will consider the Borrower's ability to support the Loan.
Age of Applicant. All applicants must be aged 18 or over. The current maximum age limit when the application is decisioned is 75 at the maturity of the Loan (or 70 for loans with an interest-only element). See paragraph 2 above in relation to lending past a borrower's retirement age.
Age of Applicant. All Borrowers in respect of non-Together Mortgage Loans must be aged 18 or over. All Borrowers in respect of Together Mortgage Loans must be aged 21 or over. There are no maximum age limits. Discretion to lend outside Lending Criteria On a case-by-case basis, and within approved limits as detailed in the Seller's lending policy, the Seller may have determined that, based upon compensating factors, a prospective Borrower who did not strictly qualify under its lending criteria warranted an underwriting exception. Compensating factors may include, but are not limited to, a low LTV ratio, stable employment and time in residence at the applicant's current residence. Maximum Loan To Value For Mortgage Loans up to (pound)250,000, the maximum LTV ratio permitted is 95 per cent. of the current market value of the Mortgaged Property determined by the valuation. For Mortgage Loans up to (pound)400,000 the maximum LTV ratio permitted is 90 per cent. of the current market value of the Mortgaged Property determined by relevant valuation. For Mortgage Loans of over (pound)400,000 the maximum LTV ratio permitted is 85 per cent. of the current market value of the Mortgaged Property determined by valuation. SCHEDULE 13
Age of Applicant. All Borrowers must be aged 18 or over. The Mortgage Account must mature no later than the time when the Borrower reaches 85 years of age if the Loan has a related MIG policy. Otherwise there is no maximum age limit unless the Mortgage Account is linked to a pension policy when the Mortgage Account must mature no later than the time when the Borrower reaches 75 years of age.
Age of Applicant. All Borrowers in respect of non-Together Mortgage Loans must be aged 18 or over. The first named Borrower in respect of Together Mortgage Loans must be aged 21 or over. There are no maximum age limits. Discretion to lend outside Lending Criteria On a case-by-case basis, and within approved limits as detailed in the Seller's lending policy, the Seller may have determined that, based upon compensating factors, a prospective Borrower who did not strictly qualify under its lending criteria warranted an underwriting
Age of Applicant. All Borrowers must be aged 18 or over. There is no maximum age limit.
Age of Applicant. 25 years and up. For relative adoptions, the Applicant can be under 25, but there must be at least 18 years age difference between the child and the Applicant. There is no upper age limit, but the CPFSA will review each application on a case-by-case basis. • Marital Status: Single women, single men, and married couples accepted. • Marital History: No more than one divorce in total for each spouse.
Age of Applicant. The first named Borrower in respect of a Together Mortgage Loan or a Together Connections Mortgage Loan must be aged 21 or over. All Borrowers in respect of all other Mortgage Loans must be aged 18 or over.. There are no maximum age limits. Status of applicant(s) The maximum loan amount of the Mortgage Loan(s) under a Mortgage Account is determined by a number of factors, including the prospective Borrower's income. In determining income, the Seller includes basic salary along with performance or profit-related pay, allowances, mortgage subsidies, pensions, annuities, overtime, bonus and commission. The Seller will deduct the annual cost of existing commitments of twelve months or more from the prospective Borrower's gross income. Positive proof of the applicant's identity and address is obtained in all cases. In cases where a prospective Borrower's requests that the Seller takes a secondary income into account, the Seller will consider the sustainability of the prospective Borrower's work hours, the similarity of the jobs and/or skills, the commuting time and distance between jobs, the length of employment at both positions and whether the salary is consistent with the type of employment. The Seller will determine, after assessing the above factors, if it is appropriate to use both incomes. If so, a portion of the secondary income will be used as part of the normal income calculation. Where there are two prospective Borrowers, the Seller adds joint incomes together for the purposes of calculating the prospective Borrowers' total income. In determining the loan amount available to the applicants the Seller may use the higher of the joint income multiplied by the appropriate income multiple or the highest of the two incomes multiplied by the appropriate income multiple plus the lower income. The Seller may, at its discretion, consider the income of one additional prospective Borrower as well, but only at a maximum income multiple of 1. The Seller may exercise discretion within its lending criteria in applying those factors that are used to determine the maximum amount a prospective Borrower can borrow. Accordingly, these parameters may vary for some Mortgage Loans. The Seller may take the following into account when applying discretion: credit score result, existing customer relationship, LTV and total income needed to support the Mortgage Loan. Credit history
Age of Applicant. All Borrowers must be aged 18 or over. The current maximum age limit is 75 at the maturity of the Loan. If the term of the Loan extends past an applicant's normal retirement age, the applicant must confirm that he or she will have adequate income to maintain repayments beyond his or her retirement.
