Back to back (Sub Sale Purchase - Part Exchange)
Our standard acceptability
Not Acceptable
Criteria definition:
Back to back is typically where the vendor has owned the property for less than six months, or remortgages where they've owned the property for less than six months.
In the case of Back to back (Purchase - Part Exchange), it indicates if we are able to potentially accept applications for purchases where the current owner took the property as a part exchange on a previous sale. An example would be where a builder sold a property to someone and took their property as a part exchange and now wishes to sell that property and the part exchange falls within the last 6 months.
Policy Notes:
We do not accept back to back remortgages.
- back to back transactions
- Policy
Last updated:
29 August 2018