Employed |: Refer to Lender (depends on type of employment but 
             || generally 3 mnths)
    Self Emp |: More than 75% - 3 years accounts,
             || less than 75% LTV - 1 or 2 years accounts
    RTB      |: Pre-emption clause must fit Housing Act.
             || Form RTB111 required
    All      || Electoral Roll / Historic Proof of residency 
             || may be required
             || International credit searches are not required
             || but proof of residency may be required for any overseas 
             || address. Credit Score required in all cases for
             || all applicants.  
             || Details of an applicant's alias or maiden name will
             || be required only if this is less than 6 years old.
             || Lender reserves the right to request additional info
             || and/or take additional references
 
    
    Acceptable forms of identification
    Valid full UK or EEC passport, Employers ID card, Armed Forces
    ID card, Utility Bill, Community Charge Bill


  

   
    
    Acceptable
    Re-finance (to re-place existing loan - Max 95%)
    Home Improvements (Max 95%)
    Marital Settlement (Equity Buyout - Max 95%)
    Dependents Home (Max 95%) See Notes
    Self Build (Refer - 95% For construction only)
    Education Fees (Max 95%*)
    Holiday (95%*)
    Holiday Home (Max 95%*) See Notes
    Purchase Car, Boat, Caravan etc (Max 95%*)
    Second Home (95%) See Notes
    Medical Expenses (95%*)
    Debt Consolidation (Max 95%*)

    LTV's stated are if re-mortgage is on main residence, if mortgage is 
    to be secured on the second/holiday/dependants home - LTV is 
    restricted - refer to Lender

    Any element of Capital Raising - Maximum LTV 95%*
    95%*= Classed as capital raising - for employed applicants, standard
    LTVs apply. For Self employed Capital Raising is restricted to 85%
    (above 500k, 75%)

   
    Upto 85% LTV for Self Employed applicants where there is an element of
    capital raising
   
    Scottish Valuations - Remortgage Applications
    Valuations for remortgage applications in Scotland will be carried
    out by Alliance & Leicester vaulers ONLY. We will no longer accept
    a copy of the customer's own valuation for remortgages.

    Second Homes or Holiday Homes can be considered if the property is 
    situated in the UK. Also lend to an applicant for the purchase of 
    a property to be lived in by a dependant (refer to lender). If 
    the applicant will have more than one mortgage on completion, 
    Aggregate Debt criteria may apply - refer to lender

    Our Mortgage Transfer Service (MTS) is not available for mortgage 
    applications on Unencumbered properties or Purchases of second homes. 
    Clients will need to appoint their own solicitors in these cases. 
    For Transfer of Equity (T of E) cases, applicants may be able to select
    MTS and pay an additional fee for the processing of a T of E. 
    Please refer to Lenders Website for full details


  

   

    UK Tax Payers         ||: Refer
    Arrears Outstanding   ||: No
    Arrears Settled       ||: Yes, over 3 years
    CCJ's Outstanding     ||: No
    CCJ's Settled         ||: Over 3 years
    Past Bankruptcy       ||: Must have been discharged for over 3 
                          ||| years
    Ex-Patriates          ||: No
    Foreign nationals     ||: Refer
    Multiple Applications ||: Refer - may fall under 'Aggregate Debt' Policy
    DSS Payments          ||: No
    Diplomatic Immunity   ||: No
    Debt History          ||: No
    Guarantors            ||: No
    Professionals         ||: Yes - Standard Criteria
    Max age on application||: Must not be over 75 at end of term
                          ||: if using income
    Interview Required    ||: Yes
    Multiple Applications ||: Max 2 apps
    Guaranteed Overtime   ||: Consider 100%
    Regular Overtime      ||: Consider max 50%
    Commission            ||: Consider max 50%
    Rent Allowance        ||: Refer
    Secondary Income      ||: Refer
    Large Town Allowance  ||: Consider 100%
    Investment Income     ||: Consider max 50%

    Contract Employed Applicants must have been in employment for the last
    12 mths and been specifically employed on a contract basis for at least 
    the last 3 mths 

LIFE COVER REQUIREMENTS
    Pension  |: Personal - 100% Tax Free Cash at 9% Growth Rate
             || Executive - Loan not to exceed 35% of total fund
             || Occupational - On individual merit
             || Max term 50 years
    PEP      || Lautro Guidelines
    Int Only || Must have endowment, pension or PEP to support

    Most major life companies acceptable


  

   

    25 charged if Buildings & Contents Insurance not taken with
    the lender. Policy must be in joint names with lender and 
    applicant.

    PURCHASE
    Council House / Flat (Max 100% DPP, standard criteria OMV)
    Ex Council House (Refer for flats)
    Home for dependent House / Flat
    Self / Group Build House

    Second Homes or Holiday Homes can be considered if the property is 
    situated in the UK. Also lend to an applicant for the purchase of 
    a property to be lived in by a dependant (refer to lender). If 
    the applicant will have more than one mortgage on completion, 
    Aggregate Debt criteria may apply - refer to lender

    TENURE
    Freehold House
    Feuhold Flat / House (Scotland)
    Leasehold Flat / House
    Minimum lease required on application is 50 years
    Minimum lease required on redemption  is 35 years

    CONSTRUCTION
    Conventional Brick / Tile
    Brick on Wood House / Flat - Refer
    Concrete House / Flat (Precast / Prefabricated - Refer)
    Steel Framed  House / Flat (Brick Cladding - Refer)
    Timber Frame House Brick Cladding (Other Cladding Refer)
    Thatched House
    Non Standard Construction (Refer)

    PROPERTY
    Flats over 4th floor (with / without a lift - Refer)
    Flat over shop (Refer)
    Ex Council Flats - Not acceptable over 5 floors
    No Lift - Not acceptable over 3 floors
    Converted Flats and Flats over shops - Considered for all floor levels
     (if other flat criteria is met)

    OTHER
    Studio House / Flat
    1 - 6 Bedrooms (7 + bedrooms - Refer)
    2 kitchens - Refer
     Back to Back - Refer

    NHBC required on new properties (10 yrs old or less). New
    properties where there is no NHBC they will accept architect
    supervised provided architect is employed solely by the
    applicant. Zurich Municipal Newbuild also accepted

    LOCATION
    England (inc Isle of Wight), Wales, Scotland, Scottish Isles &
    Northern Ireland

    SHARED OWNERSHIP 
    Only available with NICHA in Northern Ireland 

    NEW BUILD
    The applicant must make a minimum 5% deposit,except for approved 
    builders deposit schemes (refer to lender for details of approved
    builders).This means the lender can accept a builders deposit from 
    any builder not on their approved list of builders as long as 
    applicants are using at least 5% from their own funds.

    Alliance and Leicester do not lend on builders schemes where the 
    applicant does not own 100% of the property,eg.where 25% of the 
    sale price is funded by the builder and is payable at some later 
    date.

    Exposure to each new build development will be limited to 20% of
    the total units at each development.
  


  

   

    Option 1 - Limited inspection 
~   Property  OPTION 1    
~    Value                 
~    (Upto)                

                         
    Re-Inspection Fee 50 per visit inclusive of 5 admin fee

    Option 2 - Homebuyers Report
    Property  OPTION 2    Property  OPTION 2
    Value                 Value
    
    ((Upto)  25000        425
            50000         425
            75000         425
            100000        425
            125000        460
            150000        460
            175000        510
            200000        510
            250000        575
            300000        625
            400000        725
            500000        825
            750000        950
            1000000       1100
            1500000       1570
                                       
    Above Fees include 125 admin fee

    Lender requires Option 1 valuation only
    Structural Survey Fees on request


  

   
     (known to lender as Higher Lending Charge)

|   No HLC charged on loans upto & including 90%

|        0   -  90%   ||Nil
|       90.1 -  95%   || 7.50% / 1000

|   Minimum fee 125
|   HLC Fee can be added to loan whereby total 
|   loan including HLC does not exceed 97%

|   Re-inpection fee 50



  

   

    Bridging Finance         ||: No
    Drawdown Facility        ||: Yes - on flexible products only
    Equity Release           ||: No
    Top Up Facility          ||: Yes
    Further Advances         ||: Yes - On SVR
    Split Loans              ||: Yes - Max 2 types of vehicle 
                             ||| allowed (ie Endowment/Repayment)
    Negative Equity          ||: No
    ERP Refund / Waiver      ||: Waived if new mortgage carried over to 
                             ||| new property.
    Legal Fees Package       ||: Yes - Specific product options only
    Secured Loans            ||: No
    Full / Semi Commercial   ||: No
    Second Charges           ||: Yes, if we have full chg-no mts.
    Minimum Term             ||: 5 years
    Maximum Term             ||: Endowment / Repayment - 40 yrs
                             ||| Pension - 50 yrs
    Reference Fee            ||: 80 + VAT
    Questionnaire Fee        ||: 80
    Telegraphic Transfer     ||: 30
  
    Adding Fees - if fees are added to the loan, this will be on a 
    Capital & Interest Basis in all cases. The illustration produced from 
    the system will NOT reflect this if the repayment type is any form of 
    interest only (ie. Pension,endowment etc) The Lenders offer will 
    illustrate this.                   


    REMORTGAGE VALUATIONS
    Instead of a Free Option 1 Valuation Alliance & Leicester will 
    undertake a free valuation to establish the value of the 
    property for their own purposes. The method inlcudes the use of 
    drive by valuations or the use of computer based data to 
    establish the value of the property being mortgaged. However, 
    in all instances where a remortgage customer receives a free/refund 
    of valuation, they will not receive a valuation report. If the 
    client requests a valuation they may do so, but at their own 
    cost 

    PORTABILITY
    No cost incurred other than the normal for moving home.  

      ONLINE APPLICATIONS:
   payment of the valuation fee can only be accepted
   by credit or debit card.(Switch,Delta,Visa,Mastercard,Solo)
   Cases will not be submitted until the correct credit card details are
   entered. (with the exception of cases in Scotland where the valuation
   Has already been carried out)
   
   Scottish Valuations - Remortgage Applicantions
    Valuations for remortgage applications in Scotland will be carried
    out by Alliance & Leicester vaulers ONLY. We will no longer accept
    a copy of the customer's own valuation for remortgages.

   The income multiples stated are representative of what
   Alliance & Leicester may lend up to. Please contact the 
   lender for confirmation
    
   Affordability - Please refer to affordability calculator.