Employed |: Employers references (covering 12 mths) and
             || computerised payslips covering last 3 months
             || computerised P60
             || Previous employers reference is requird if an 
             || applicant has changed jobs within the last 6 mths
    Self Emp |: Where a multi-partner Chartered Certified or 
             || Public Accountancy firm is confirming income 3 yrs 
             || accounts required. Where a sole practitioner 
             || Chartered Certified or Public Accountant is 
             || confirming the income 3 yrs accounts & 6 mths 
             || business bank statements required 
             || Where accountants qualification does not meet 
             || lenders requirements or where applicant is 
             || authorised by Inland Revenue to prepare their own 
             || accounts 3 yrs accounts 3 yrs tax assessments and 
             || 6 mths bank statements are required
             || Projection required in every case where year end 
             || is more than nine months prior to date the case is 
             || submitted 
             || Income is calculated on own merit but normally the 
             || average of 3 years accounts is used

    High Eq  |: Full 3 years lending references
             || Minimum 6 mths uptodate business bank statements
             || Letter from Charterd / Certified or Public
             || Accountant confirming applicant has been trading 
             || for a min 1 yr applicants share of current yrs net 
             || profit or current annual salary
    FTB      |: 3 months bank statements required if LTV is 90% 
             || or greater (6 mths still applicable where the 
             || builder or vendor pays the deposit or when adding 
             || fees causes the LTV to exceed 95%) 
             || A current employers reference is required if the 
             || loan is more than 85% LTV (excluding fees). In all
             || cases the last P60 from curren employer and 3 mths 
             || payslips are required
    RTB      |: Pre-emption clause must fit Housing Act.
             || Form RTB111 required
    All      |: Lenders reference (covering 3 yrs) if lenders 
             || cannot provide details covering 3 years 
             || confirmation of this to be obtained 
             || House purchase applications ONLY 3 yrs lenders 
             || statements showing opening and closing balances 
             || together with bank statements showing payments 
             || uptodate may be used as an alternative
             || Electoral Roll / Historic Proof of residency 
             || required in all cases 
             || Credit Search required in all cases (present & 
             || previous residence in last 3 years) for all 
             || applicants (Equifax)
             || For existing borrowers with no arrears or adverse 
             || credit information, no employers reference is 
             || required for Further Advances or a new mortgage. 
             || They must have been with the Society for 3 yrs and 
             || not be increasing their debt by more than 50% -
             || maximum LTV 90%
             || International credit searches are not required  
             || Gaps of less than 6 mths may be acceptable over 
             || the 3 yrs when proving occupancy, the gap must not 
             || have occurred within the last 12 mths
             || Valuation

    When age plus term of mortgage exceeds standard retirement
    age, applicants are required to provide proof of sustained
    income pension etc to maintain mortgage repayments


  

   

    Proof of what money is being used for may be required
    depending on additional amount to be raised.

    Acceptable Purposes
    Home Improvements
    Marital Settlement
    Re-Finance
    Dependents Home
    Education Fees
    Holiday / Holiday Home
    Investment (considered on individual merit)
    Property to Let (lender must have collateral 1st charge)
    Purchase Car, boat, caravan
    Second Home (lender must have charge on 1st property)
    Medical Expenses (considered on individual merit)
    Debt Consolidation (considered on individual merit)

    Remortgage for business capital raising where the additioanl
    borrowing is in excess of 20000 the following applies

    Extra Loan 20000 - 60000     Variable Rate + 1.0%
    Extra Loan 60000 plus         Variable Rate + 1.5%



  

   

    UK Tax Payers         ||: Not compulsory
    Arrears Outstanding   ||: Yes on Restart Products only
    Arrears Settled       ||: Max of upto 3 mths
    CCJ's Outstanding     ||: Yes on Restart Products only
    CCJ's Satisfied       ||: Max 1 upto 250 considered in last 3
                          ||| yrs. Certificate of satisfaction
                          ||| required explanation normally
                          ||| requested.
                          ||| Max advance 90% & max loan 100000
                          ||| Not available to FTBs
    Bankruptcy            ||: Considered only if discharged
    Ex-Patriates          ||: No
    Foreign Nationals     ||: Considered if long VISA with working 
                          ||| permit - Refer to lender
    DSS Payments          ||: No
    Diplomatic Immunity   ||: No
    Debt History          ||: No
    Guarantors            ||: Yes
    Max age on application||: N/A
    Interview Required    ||: No
    Multiple Applications ||: Max 4 applicants. 2 highest incomes
                          ||| considered
    Guaranteed Overtime   ||: Considered on merit
    Regular Overtime      ||: Upto 50% considered
    Commission            ||: Upto 50% considered
    Rent Allownace        ||: Upto 50% considered
    Second Job            ||: Considered x 1
    Large Town Allowance  ||: Upto 100% considered
    Investment Income     ||: Considered on merit

    Cases with Arrears and CCJ's combination only considered for
    "RESTART" Schemes

LIFE COVER REQUIREMENTS
    Endowment|: With Profits & Unit Linked
    Repayment|: No compulsory requirements
    Int Only |: Clarification of repayment stated to Lender
             || Term Assurance NOT mandatory and NOT assignable
    Pure Int |: Dependent on circumstances - Refer to Lender
    Only     ||
    Pension  |: As per LAUTRO guidelines. Personal Company /
             || Occupational and Executive Pensions
    PEP      |: Term Assurance & PEP required

    There will be an assignment of Endowment Policies for all
    "RESTART" Schemes

    Most major Life Co's accepted


  

   

    25 charge if lenders Buildings & Contents Insurance is not
    taken. Nothing else required unless valuer has specified any
    special conditions. No minimum property value stipulated

    PURCHASE
    Flat (Upto 4th floor & if built of block 
    in private ownership) - 100% DPP, 75% OMV 
    Second Home - Refer
    Do Not Except Ex-Local Authority Property.
    

    TENURE
    Freehold House
    Feuhold House / Flat (Scotland)
    Flying Freehold (providing solicitor confirms no problems)
    Leasehold House / Flat
    Minimum lease required on application is 70 years

    CONSTRUCTION
    Conventional Brick / Tile
    Concrete (Precast / Prefabricated - If Wimpey No Fines or
    Laing Easiform)
    Steel Framed (Brick Cladding - Only upto 15 years old over is
    subject to satisfactory structural engineers report)- Refer
    all cases.
    Modern Timber Framed (Brick / Other Cladding)
    Brick on Wood (Subject to referral & valuers comments)
    Non Standard Construction (Subject to specific type & valuer
    must comment favourably on construction site etc..)

    PROPERTY
    Flat upto 4th floor (with / without a lift)
    Flat upto 7th floor (with / without a lift if currently
    private)
    Flat over shop (Self Contained / Connected - Refer)
    < 10 years no NHBC (Only if insurance policy / structural
    warrenty or architects certificate)
    Agriculturally restricted - Considered own merit

    Properties with 4 or more bedrooms not acceptable for single
    applicants & large bedroomed properties would be queried for
    purpose

    OTHER
    Back to Back
    Converted Flat
    Ex Council House / Flat
    More than 1 kitchen (would expect other kitchen to be removed)
    Single Bedroom
    Studio Apartment
    Thatched Roof (Subject to Insurance Approval)

LOCATION
    England (inc Isle of Wight), Wales, Scotland and Scottish
    Isles


  

   



    BRISTOL & WEST CMS - Survey fees dependent on packaging 
    company. Bristol & West CMIS no longer quote survey fees.


  

   

|    (Known to lender as Lenders Security Fee)

|        0 - 75%   ||Nil
|    75.01 - 80%   ||Nil
|    80.01 - 85%   ||Nil
|    85.01 - 90%   ||u7.25% / 1000
|    90.01 - 95%   ||u8.65% / 1000
|    95.01 - 100%  ||12.00%/ 1000 

|   On loans over u150,000 fees can only be added where the total 
|   loan (loan plus fees including MIP & admin fees) will not 
|   exceed 90% LTV
|   Indemnity Insurers are Great Western Insurance


|   PLEASE NOTE ON ALL SELF CERTIFICATION & RESTART PRODUCTS
|   An Additional High Loan Fee will be payable on certain Re-Start 
|   and Self Certification loans which exceed 75% of the property 
|   value. The fee reflects the increased actual risk present in 
|   making a loan in excess of the normal limits. The current fee 
|   if 6% of the excess loan over 75% of the valuation or purchase 
|   price whichever is the lower (min 200), This may be added to 
|   the advance as long as total borrowing does not exceed 85% LTV 


  

   

    Bridging Finance         ||: No
    Drawdown Facility        ||: No
    Stage Payments           ||: Refer to lender
    Equity Release           ||: No
    Premium Funder           ||: No
    Group Build              ||: No
    Shared Ownership         ||: No
    Top Ups                  ||: Considered on merit 
    Further Advances         ||: Yes
    Split Loan (End / Rep)   ||: Yes
    Negative Equity          ||: Yes. Refer. Max 125% LTV of new 
                             ||| property value (to include main 
                             ||| loan and max 25,000 shortfall). 
                             ||| Existing Borrowers only
    ERP Refund / Waiver      ||: Refer
    Legal Fees Package       ||: Refer
    Secured Loans            ||: Yes
    Semi / Full Commercial   ||: Refer
    Second Charges           ||: Yes
    Minimum Term             ||:  5 years
    Maximum Term             ||: 25 years or if pension linked 40
                             ||| years
    Reference Fee            ||: Refer
    Questionnaire Fee        ||: Refer
    Telegraphic Transfer     ||: Refer
    Lenders Tie              ||: Refer


    FEESAVER
    For Remortgage: All legal fees & Disbursements(Excluding 
    Additional work outside the scope of a standard remortgage)
    For Purchase : 300 contribution towards legal fees(Inc Vat)
    All Disburements to be paid for by the applicant. Solicitor 
    nominated by lender