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The next scenario was a £ 1m + loan where Clydesdale Bank underwriters were able to utilise 75 % of the applicant’ s annual bonus, rather than the usual 60 %.

The applicant had been working in the same line of work for nearly 30 years, however, had moved employers 13 months ago, receiving only one bonus at his new employment.

We were comfortable to use 75 % of the bonus, as this was a key element to the applicant’ s remuneration package and the bonus paid in the current role was supported by bonuses received from the previous employer and we had evidence of a strong and growing income trend over the last 3 years.

The final scenario is an example of where our Virgin Money underwriting team were able to say‘ yes’ to a good quality case of over £ 1m where there was a one off blip on the client’ s credit report, outside our usual policy.

This was a small CCJ relating to a parking fine which was issued whilst the customer was working abroad. On the applicant’ s return home, the CCJ was quickly satisfied. The CCJ was small, at under £ 300, was registered over two years ago, and settled within three months.

We were happy to consider this example on the basis that we were satisfied this was an isolated incident, evidenced by the applicants’ otherwise exemplary credit report, and further supported by the reassurance of working for an established global law firm.

If you’ ve got something that sits outside of our usual lending policies, let us know and we’ ll see if we can work some magic in both Virgin Money and Clydesdale.

Speak to your BDM today: intermediaries. virginmoney. com / find-your-bdm

Important stuff just for mortgage brokers

We love the simple cases and we’ re great with quirky ones too. Figuring out how to say yes is kind of our thing. Our BDMs have the power to open doors.

Speak to your BDM to see what we can do.

Clydesdale Bank PLC( trading as Virgin Money). Registered in Scotland( Company No. SC001111). Registered office: 177 Bothwell Street, Glasgow G2 7ER. Financial Services Register Number 121873. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Credit facilities other than regulated mortgages and regulated credit agreements are not regulated by the Financial Conduct Authority.

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