Non Simultaneous Sale and Purchase
Indicates if a lender can potentially accept a situation (on a residential basis) whereby a borrower is not selling their related sale property on the same day as the onward purchase. For example this situation might arise when there is a deadline on a new build purchase and the sale is not quite ready to complete resulting in a non simultaneous sale and purchase.
What is Criteria Brain?
Criteria Brain is an online research tool for UK based mortgage advisors. Authorized advisors are able to research mortgage lenders criteria in granular detail across many lenders. Without a system like this, the advisors research phase can often take many hours and for complex cases, days, which results in frustrating delays to customers. Criteria Brain fixes this problem by providing a platform which lenders can upload their rules to, in a format that allows advisors to extract the precise information they need in great detail and very quickly. The information contained within Criteria Brain is for advisor use only but by completing the simple form, you could be speaking to an advisor who can answer this question and many more.