The Stafford Building Society

Proc fees - when your proc fee will be paid

Lenders send payments by BACS which can take anything up to 5 working days to clear at PMS. PMS then make payment to brokers once the funds have cleared in our account.  

Overview

We specialise in the following areas.

Property and Land 

• No limits on acreage
• Occupancy restrictions, agriculture tie and section 106’s
• Overage clauses
• Small holdings for personal use
• Multiple properties on the same title
• Outbuildings, Annexes
• DIY liveries, small scale agricultural businesses
• Knock-throughs, multiple flats into one home
• Unusual properties and conversions such as B&Bs nursing homes or shop units being converted to residential

Income  

• Employed/Self Employed earned income up to age 75 for certain industries
• 100% of bonus, commission and overtime used to support affordability
• Self Employed - latest accounts with steady increasing profits
• Self Employed - salary and dividends or profit after tax and salary
• Professionals such as Doctors and Dentists with one year’s accounts
• Undrawn SIPP income can be used to support affordability subject to investment statements
• Undrawn investment income, 5% of the managed portfolio can be used to support affordability

Don’t forget - we’ll consider:  

• Maximum age at the end of mortgage term is 85
• Day one remortgages
• Ex-pats returning to the UK