As announced in mid-December 2022 the review of the ‘Residential Desktop Assessment – Memorandum for first mortgage purposes’ was completed and the  updated memorandum released with an effective date of 5 March 2023. 

The updated supporting memorandum, the API ‘Residential Desktop Assessment Supporting Memorandum – For First Mortgage Lending Purposes Only’ is available here. 

Any queries, please contact the standards team at [email protected]