Employed |: Last monthly payslip LTV < 75%          
             || Last 3 monthly payslips if LTV > 75%
    Self Emp |: 3 yrs accounts. Average of 3 yrs used as
             || income
    FTB      |: As above
    RTB      |: As above + RTB Notice
    All      |: Existing Lenders Reference (one year only)
             || Landlords Reference (one year only)
             || Proof of Identity
             || Credit Score 
             || Valuation Report

    Contract Workers are acceptable, providing they are on a 
    contract for an initial period of at least 12 months and
    providing the Employer confirms an intention to provide a
    further 6 months at the time of Offer
  
    For Professionals (Doctors, Dentists etc) Lender will accept
    four times Income or three times joint.
 
    Acceptable forms of Identification
    Current full UK signed Driving License, Full valid passport,
    Signed Cheque Guarantee Card with an original Account 
    Statement which is less than 3 months old. Benefits Book.
    Family Allowance Book.

    The lender will accept certified copies of original identity
    documents

    Applicants that are not located on the voters roll will need to 
    provide verification of address for the last two years.

    Non-private Landlords references
    Will no longer approach non-private landlords such as Housing 
    Assocaitions or local authorities for landlords references.


  

   

    Mortgage tatement - (Last One)
    
    Acceptable Purposes
    Home Improvements
    Marital Settlement
    Re-Finance
    Dependents Home
    Education Fees (Capital Raising)   ]
    Holiday (Capital Raising)          ]
    Investment (Capital Raising)       ] Min Loan 25,001
    Property to Let (Capital Raising)  ]
    Second Home (capital Raising)      ]



  

   

    UK Tax Payers         ||: Not compulsory
    Arrears Outstanding   ||: Refer
    Arrears Settled       ||: Refer
    CCJ's Outstanding     ||: Refer
    CCJ's Satisfied       ||: Refer
    Bankruptcy            ||: No
    Ex-Patriates          ||: Foreign nationals in UK considered
    DSS Payments          ||: No
    Diplomatic Immunity   ||: No
    Debt History          ||: Refer
    Guarantors            ||: Considered upto 95% - Contact Mortgage 
                          ||| Service Centre on 0800 328 1717 in 1st instance
    Max age on application||: 65 years
    Interview Required    ||: Not compulsory
    Multiple Applications ||: Max 4 - 2 incomes considered
    Secondary Income      ||: Considered if LTV less than 75%

LIFE COVER REQUIREMENTS

     None                  
            


  

   

    PURCHASE
    Council RTB - Max 100% DPP
    Property to Let (Owner use included)
    Property to Let (Investment)
    Second Residence (Owner / Dependents use - Refer)
    Home Buy Option (max 75%)

    TENURE
    Freehold House
    Flying Freehold (Refer)
    Leasehold House / Flat
    Minimum lease required at the end of the term is 30 years

    CONSTRUCTION
    Coventional Brick / Tiles
    Timber Framed (Brick / Other Cladding - Refer)
    Wholly Timbered (Refer)

    PROPERTY
    Flat upto 6th floor (with / without lift - Refer )
    Flat over shop (Self Contained)

    OTHER
    Back to Back - Refer
    Converted Flat - Max 90% with one bedroom any more than 1
    bedroom refer
    Ex Council - House / Flat
    No Bathroom - Full Retention
    No NHBC or other certificate (properties less than 10 yrs - 
     under 75% sometimes structural survey required
    Part Commercial (Doctors Dentists etc - Interest Rate may be 
                     loaded) 
    Part Commercial (Shop etc - Interest Rate may be loaded)
    Part Occupied
    Single Bedroom - Refer
    Studio Apartment (Max 90%)
    Thatched Roof (Insurers approval)

    
LOCATION
   Only lend in England and Wales


  

   

~   Valuation      Fee (inc vat)   

    Fees shown include a 100 administration fee payable to 
    the Society

      Housebuyers Report Fees 
  
    Valuation      Fee (inc VAT)
    Up to 100000  435.00
    Up to 150000  465.00
    Up to 200000  510.00
    Up to 300000  635.00
    Up to 400000  760.00
    Up to 500000  900.00
    Up to 600000  1040.00
    Up to 700000  1180.00
    Up to 800000  1320.00
    Up to 900000  1460.00
    Up to 1000000 1630.00  
    Over  300001  On application

    Structural Survey Fees on request
 
    Valuations by nationwide panel of valuers please refer to
    lender for further details
 



  

   

|   Know to lender as High Lending Fee

|       0 - 90%   ||  Nill
|   90.01 - 95%   || 7.25% / 1000

|   Premium can ONLY be added to loan in Wales and certain 
|   postcodes (please check with Lender), all other 
|   areas premium must be paid on completion
|   Figures shown on system include IPT

    High Lending Fee is payable on all mortgages over 90% LTV and 
    maybe added to the loan as long as the total borrowing does not
    exceed 97% LTV and the applicant has sufficient income to cover it.

   


  

   

    Bridging Finance         ||: Refer
    Drawdown Facility        ||: Yes
    Equity Release           ||: No
    Premium Funder           ||: No
    Self Build               ||: Yes
    Group Build              ||: No
    Shared Ownership         ||: No
    Top Ups                  ||: No
    Further Advances         ||: Yes - Refer
    Split Loans (End/Rep)    ||: Yes
    Negative Equity          ||: Existing Borrowers
    ERP Refund / Waiver      ||: Waived if new mortgage taken
                             ||| within 6 months with the lender
                             ||| ERP refund if portability used for 
                             ||| Fixed,Capped or Discounted on some 
                             ||| terms and conditions as original 
                             ||| loan scheme details.
    Legal Fees Package       ||: Available on Remortgage 
                             ||| Product
    Secured Loans            ||: Existing Borrowers
    Semi / Full Commercial   ||: Please refer to chief office
    Second Charges           ||: No
    Minimum Term             ||: 5 years
    Maximum Term             ||: 35 years 
    Reference Fee            ||: 46 
    2nd Mtg Questionnaire Fee||: 75
    Telegraphic Transfer     ||: 30
    Lenders Life Tie         ||: Norwich Union


SERVICE/PROC PAYMENTS
    0.35% of the loan amount.
    Light Sub Prime = 0.50%
    Medium Sub Prime = 0.75%

ALL DISCOUNT PRODUCTS
    Should the lender's standard variable rate increase, the 
    interest rate charged will be increased accordingly.

Borrowers with two mortgaged properties
    Will now consider applications up to 95% LTV from people who already
    have an investment property with another lender provided the applicant  
    can suport both their existing and proposed mortgage commitment within
    our standard income multiplie.