Standard residential application
Applying to Loughborough Building Society does not secure a product, this is only secured when all required case documents have been received within the deadline specified.
One proof of identification
One item from the following list is acceptable:
- Current full signed UK or EU Passport
- Current full or provisional UK photocard driving licence.
- Biometric Residence Permit or Home Office letter to confirm permanent rights to reside, or Indefinite Leave to Remain (non-UK nationals)
- Current (old style) full UK driving licence.
- Pre Settled or Settled Status for non UK Nationals
One proof of address
One item from the following list is acceptable and must be different from that used as proof of ID:
- Current council tax statement (no more than 12 months old)
- Current bank statement or credit/debit card statement issued by a UK regulated firm
- Utility bill (no more than 3 months old)
- Driving licence (old style of photo card)
- Recent evidence of entitlement to a state or local authority-funded benefit (including housing benefit and council tax benefit),
Income verification
Employed – Latest wage slips covering a 3-month period or 13 weeks if weekly paid (zero Hours/subcontractor/NHS bank 6-month period required, piece workers 12-month period required)
Maintenance – Court Order/CMS – 3 Months evidence of
payments, Private Agreement – 6 Months evidence of payments
Maternity
- Last payslip for prior to going on maternity leave
- Letter from employer to confirm when applicant will be returning to work and whether it’ll be the same hours, salary etc
- Confirmation of whether they’ll be any childcare costs on return to work
Bank statements
Covering the last 3-month period (the latest statement dated within the last 28 days). All active current account bank statements for the last 3 months are required. These need to show receipt of income and payment of household bills
Shared Ownership Application
In addition to standard residential requirements please provide the memorandum of sale confirming percentage share, rental and lease payments along with a copy of the lease.
Borrowing in/into Retirement
For retired applicants in receipt of personal/occupational pensions you will need to supply the latest annual statement/payslip along with the latest annual state pension confirmation (if applicable) in addition to the standard residential requirements.
For applicants taking a mortgage into retirement that are not already retired you will need to supply, in addition to the standard residential requirements, a copy of the latest personal/occupational/SIPP pension statement which will need to confirm the projected income at retirement along with a projected state pension forecast which can be obtained from the HMRC website for each applicant.
Buy to Let/Let to Buy/Family Buy to Let
We will need to verify applicant’s expenditure for applications that require top slicing an applicant’s income, all standard requirements would apply if to slicing applies