Improvements to our mortgage application process – Customers will no longer be required to sign the general Mortgage Declaration or Interest Only Declaration
Good news – as part of our ongoing commitment to simplify the application journey for you and your clients, we are pleased to confirm that from today, Monday 21st February, for new borrowing applications, your clients will no longer need to sign and submit a general Mortgage Declaration or Interest Only Declaration in order to progress the application.
You will still need to provide your clients with a copy of the relevant declarations and ensure they read them before giving their consent to submit the application. They will also receive details of how to download a copy of the declarations within their offer pack, as well as how acceptance of the mortgage offer will constitute acceptance of the declarations.
Important – signed declarations for any application that includes an element of debt consolidation will still be required prior to submission. Also, for applications created or submitted before today, Monday 21st February, a signed declaration (or attestation) by your client is still required.
Completing the KYC attestation form
As result of removing the requirement to submit a signed declaration, when completing our attestation Form – For Customer Signature on Declarations and KYC, you will now only need to complete the KYC Attestation section.
Remember this is only allowed for like for like remortgage or purchase applications and we still require a bank statement reflecting the name of the applicant/s as declared on the application to support the attestation.
For more information of our documentation requirements for either proof of address or proof of identity, please view the Client ID&V dropdown box within the lending criteria section of our website.