Principality Building Society – Helping You Open Doors.
Our positive attitude to lending is the key to getting your customers home.
We understand that for you to succeed in your business, you need a strong, professional relationship with us. With a wealth of experience in Financial Services, our dedicated Intermediary Support team pro-actively encourage the upfront discussion of applications.
We work hard to build relationships but this is only part of what makes us different:
We lend throughout England and Wales on a residential, BTL and Holiday Let basis.
Some of our unique selling points include:
You will first need to download and complete a Broker Registration Form. Please send the completed form to firstname.lastname@example.org and we will issue your Brokerpoint login details within approximately 48 hours.
• Income - Ask your clients to provide you with proof of their income up front, and ensure it matches the income they’ve declared, before their application is submitted.
• Commitments - Always analyse bank statements closely to confirm that declared expenditure matches what the statements actually show. Where possible encourage all clients to provide you with a copy of their credit report.
• Basic essential expenditure and Quality of living cost - Provide as accurate figures as possible in order that we can accurately assess affordability.
2. Proceed to an AIP for Residential Cases Only. For BTL proceed straight to full Application.
Please note for applications that attain a credit score "Refer" a full application must be submitted together with all supporting documentation to enable our underwriting team to access the application.
3. Complete a full online application.
We aim to process your application as quickly as possible in order for us to do this we required your co-operation in supplying us with supporting documents within 7 days of submission.
WORKING TOGETHER TO GET THINGS RIGHT FIRST TIME.
To make life easier and to speed up the mortgage application process we have set standard requirements for all cases. We will always ask for the documents listed below and failure to submit these documents will result in processing delays.
Standard requirements can be scanned to us via our Document Upload facility. Please scan each document individually and label with the correct heading, this will ensure that we can identify and process all your documents quickly, saving time for you and your client.
Essential documents required in ALL cases for each mortgage applicant:
Signed and Dated -
Evidence of Income -
Bank Statements –
Interest Only Mortgages -
Once all documents have been assessed, Principality underwriters reserve the right to request further information. Failure to supply required information will result in a delay to the application. Our full mortgage lending criteria can be found at www.principality.co.uk/PBS/Intermediaries/Intermediaries-Mortgage-Lending-Criteria
If you are unsure of any of our processes or are unclear on any element of our criteria, please call Intermediary Support on 0330 333 4021 for further guidance.
|Fee received from
lender (Gross fee)
|We'll pay you
Direct Access only available to select Partners, Please contact our Mortgage Support Services for further information 01226 230504.
|Mainstream||0.400% ( max £2500)||0.400% ( max £2500)|
|Buy to Let||0.400% ( max £2500)||0.400% ( max £2500)|
If you have any questions, please contact your usual Network Relationship Manager.
Submit quality mortgage applications - we're here to help you get it right first time.
Before submitting an application - Always check the lenders packaging guide and carry out a DIP/AIP