Lloyds change their acceptance criteria for borrowers not paid in sterling

by Aaron Strutt

Sep 13 2013

Lloyds Banking Group has made changes to their mortgage lending policy and there are new rules for applicants not paid in sterling.

Halifax and BM Solutions sent a note to brokers explaining that they are making changes to ensure they remain compliant with anti money laundering controls.

When an application is made from a UK resident who is not paid in sterling, Halifax expect the income to be paid in to a UK bank account, or into a UK-based bank with branches abroad. For example, a Barclays branch in France.

If you receive income into a non UK based bank and you would like help to secure a mortgage Trinity Financial can help. We have access to a host of international banks happy to lend to those with a range of income sources.

Call us on 020 7016 0790 to speak to one of our expert mortgage brokers. 

September 13, 2013