Employed |: Employers covering 12 months (P60 as supporting
             || documentation). Previous Employers if current job
             || less than 1 yr. Min duration in present employment 
             || 3 mths within MIG with no Probation period
    Self Emp |: 3 yrs Accounts; below MIG min requirements 2 yr + 
             || projection, 2 years Accounts considered 
    FTB      |: As above plus 3 mths Bank Statements
    RTB      |: As above plus RTB Agreement
    All      |: Previous Lender / Landlords Ref
             || Credit Search
             || Valuation


  

   

     ANY PURPOSE UPTO 90% LTV
     No Proof of purpose is required
     Simply state the reason for Capital Raising on the application 
     form & subject to this no further evidence will be requested 

     The following items are excluded :-
     Payment of gambling debts
     Payment of taxes
     Borrowing for business purposes unless this is for the 
     repayment of existing borrowings more than 12 months  

     FOR SPECIFIC REMORTGAGE COSTS UPTO 95% LTV
     Available to a maximum of 5000 to cover strictly remortgage 
     costs, for example, redemption fees and solicitors expenses

     ANY PURPOSE INC. BUSINESS INJECTION UP TO 75% LTV
     Any purpose capital raising which included business injection, 
     eg purchase of premises or plant and machinery

     The following exclusions apply :
     New Business Start up  
     Support of a failing business


  

   

    UK Tax Payers         ||: Compulsory
    Arrears Outstanding   ||: No more than 2 months with 
                          ||| satisfactory explanation of why 
                          ||| arrears occurred
    Arrears Settled       ||: No more than 3 months with 
                          ||| satisfactory explanation of why 
                          ||| arrears occurred
    CCJ's Outstanding     ||: No
    CCJ's Satisfied       ||: Refer
    Ex-Patriates          ||: Refer
    Guarantors            ||: Yes (Right To Buy & Student/Parent 
                          ||| cases only - Refer)
    Multiples Borrowers   ||: Upto 4 apps, only 2 highest incomes 
                          ||| used

    Interest Only - Applicants over retirement age with income to 
    cover the loan max 50%, no life cover required

    Younger applicants upto 90%. Must be a repayment vehicle in 
    place.Offer will include a Clause that adequate Life Cover must 
    be maintained for the life of the Mortgage.

LIFE COVER REQUIREMENTS
    Endowment|: Offer will include a Clause that adequate Life 
             || cover be maintained for the life of the mortgage
    Repayment|: See above
    Int Only |: See above or there must be a repayment vehicle 
             || in place
    Pension  |: Personal Pension only
             || 80% tax free cash at 12% growth rate
             || See above (Endowment)


  

   

    45 charge if lenders Buildings Insurance not taken Copy policy 
    required. No minimum property value stipulated. If property is 
    valued under 30,000 then LTV is restricted to 85%. Building
    Insurance is generally compulsory with products.

    PURCHASE
    Council RTB House (max 4th floor)
    Flat up to 20 storeys (subject to conditions)Minimum value 150000
  
    Second Residence (Owners use - refer)
    Second Residence (Dependents use)

    RTB - 100% DPP 75% OMV.

    TENURE
    Freehold House
    Feuhold House/Flat (Scotland) (Flats above 3 floors - Refer)
    Flying Freehold (Subject to % offered - Max 25% F/F)
    Leasehold House/Flat (Flats above 3 floors - Refer)
    Minimum lease required on application - 50 yrs
    Minimum lease required on redemption  - 30 yrs
    Case can be referred to Lender if less than 40 years
    left to run on the Lease

    CONSTRUCTION
    Conventional Brick/Tile
    Concrete (Precast/Prefabricated - by referral)
    Timber Framed (Brick Cladding)
    Non Standard Construction (by referral)
    Thatched (High Building Ins Premium will apply)
    Back to Back - Refer
    Self-Build   - Refer

    OTHER
    Converted Flat (may have restricted LTV) (Flats above 3 floors 
    - Refer)
    Ex Council House/Flat (Flats above 3 floors - Refer)
    More than one kitchen
    Part Commercial (Doctors Dentists Shop etc - Semi Commercial)
    Single bedroom
    Studio apartment
    Thatched Roof

LOCATION
    England Wales & Mainland Scotland


  

   

~   Purchase Price              Fee

     The fees shown above are an application fee and include a
     non-refundable average admin fee of 100 - Refer to Lender for 
     more information


  

   

    (known to lender as Higher Advance Fee)

|    0  - 75%      ||Nil
|    75 - 79.99%   || 6.50% / 1000
|    80 - 84.99%   || 7.00% / 1000
|    85 - 89.99%   || 7.50% / 1000
|    90 - 95.00%   || 9.00% / 1000

|   Premium can ONLY be added WITHIN the Loan to value ratio, 
|   but may vary with Product.


  

   

    Bridging Finance         ||: No
    Drawdown Facility        ||: No
    Equity Release           ||: No
    Premium Funder           ||: No
    Self Build               ||: Considered Individuals - refer to 
                             ||| lender 
    Shared Ownership         ||: No
    Top Ups                  ||: No
    Further Advance          ||: Yes
    ERP Refund / Waiver      ||: Standard Schemes  - Not waived
                             ||| Discounts & Fixed - Waived if new 
                             ||| mortgage taken with lender
    Legal Fees Package       ||: No
    Min Mortgage Term        ||: 35 yrs for repayment, 5 yrs for 
                             ||| endowment & 40 yrs for pension
                             ||| must be paid off by 65 for 
                             ||| employed or 75 if S/Employed
                             ||| Exceptions may be considered if
                             ||| Pension Income can be proved.

    Loans over 250000 - Refer
    
    RAPID FAST TRACK MORTGAGE SERVICE
    Max LTV 95%
    5 day turnaround of offers
    No references for applications provided the following items are 
    supplied :-
    P60 & latest payslip
    Latest Mortgage Statement
    Last months bank statement (confirming receipt of salary and 
    payment of mortgage)
    Application fee (if required)
    Registered on voters roll with clean credit search

    SERVICE/PROCUREMENT FEES
    All products receive 0.35% of the advance (max 500)
    Housebuilders receive 0.40% of the advance(max 500)