Access mortgages
Our Access mortgages are for customers who have historic credit issues, but have shown strong recent credit performance.
The eligibility criteria is more flexible than our standard criteria in relation to CCJs, bankruptcy, IVAs and defaults.
It provides a potential alternative option for customers looking for mortgage finance.
On this page:
- Eligibility criteria
- Application process
- Loan options
- How to submit an application
- After the fixed deal ends
- Compare our products
- Frequently asked questions
Eligibility criteria
To be eligible for our Access mortgage product, your client will need to have:
- not been bankrupt or had an IVA in the last 36 months
- no missed payments on accounts in the last six months
- no CCJs of £300 or more in the last 36 months
- no defaults of £1,000 or more in the last 36 months
Please check our Lending criteria for further information.
How eligibility is assessed
Once you've completed the Decision in Principle (DIP) and entered your client's details, the DIP will be scored automatically.
Based on the outcome, your client will be shown either the standard residential product range or the Access range if they do not meet the criteria for a standard mortgage.
Application process
All Access applications are subject to enhanced assessments. While the process is very similar to our standard applications, it makes sure that each case is assessed individually.
As long as the application meets our requirements and enhanced checks, it will progress as normal.
There are no additional requirements for proof of income or documentation compared to standard residential applications, so the process should not take any longer than usual. The Bank may occasionally requested further documentation to support the lending decision.
Loan options
The maximum loan amount is £1m to a maximum LTV of 85% for house purchases and remortgages with no additional borrowing. The maximum for remortgages with further borrowing is 80%.
Please check our Lending criteria for further information.
How to submit an application
Please login to Broker Portal as usual and submit a DIP. If your DIP is accepted, you will be able to proceed to application and select a product. Based on the outcome, your client will be shown either the standard residential product range or the Access range if they do not meet the criteria for a standard mortgage.
After the fixed deal ends
At the end of the fixed term, your client will be eligible to switch to a standard product from the core range if they have kept up with their mortgage payments.
We will not carry out a new credit score at this stage. As long as payments have been maintained, the transition to a standard product can go ahead without additional checks.
Compare all products
You can compare our Access range against other products on our residential mortgages page.
Frequently asked questions
We've compiled a list of frequently asked questions and the answers to them. Please visit our FAQ page for more information.