Lending criteria for foreign income
Foreign income
Accord Mortgages does not offer any loans which would be deemed as foreign currency.
This means that no foreign income or assets can be used for affordability or repayment strategy purposes.
We define foreign income as:
- Any income received by the customer which does not originate in pounds sterling
We define foreign assets as:
- Properties outside of the UK
- Assets e.g. property, investments, pensions; which would yield monetary values which are not based in pounds sterling.
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NEW BUSINESS - ACCORD MSO
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