Definitions for "Full Status"
This refers to a mortgage where full credit checks and information has been sourced on the borrower.
Refers to a mortgage or loan where full proof of income and residency is required and is available.
A mortgage or loan is considered as full status if the borrower is subject to complete checks on the borrowerâ€(tm)s credit history and income during the application process.
An application is classed as full status when they have supplied information to the lender referring to their financial situation e.g. payslips, bank statements, P60's, etc.