Employed |: Employers Reference under 75% LTV. No minimum
             || is required cases / 3 payslips with 3 bank 
             || statements showing monthly salary credit
    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 (Experian)
             || 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.


  

   

    Proof of what money is being used for is required, Mortgage 
    Statement - (Last One)
    Capital Raising rate is negotiable. Charge Base if remortgaged
    (Shown on MB as Base Rate)

    Acceptable Purposes
    Home Improvements
    Marital Settlement
    Re-Finance
    Dependents Home
    Self Build 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          ||: No
    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)
    Self Build
    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
    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
    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 (MIG Premium)
    Will now allow the MIG premium to be added to the loan in these
    new areas:
    B60-B61	BA1-BS22	BS1-BS49	CH1-CH8
    CH41-CH66   CW1-CW23	DY10-DY14	EX1-EX9
    GL1-GL20	GL50-GL56	GUL-GU52	HR1-HR9
    OX1-OX49	PL1-PL35	RG1-RG31	SK1-SK17
    SN1-SN16	ST1-ST21	SY1-SY36	TA1-TA20
    TF1-TF13	WA1-WA16	WR1-WR15	WS8-WS15
    WV11-WV16	

	 


  

   

    Bridging Finance         ||: No
    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
    0.37% No Min, max 2500

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.