Employed |: Computerised payslips covering last 3 months
             || (Employers references (covering 
             || 12 mths) may be required)
             || 3 mths Bank Statements
    Self Emp |: More than 75% - 3 years accounts, 50% to 75% - 2 
             || years accounts, less than 50% LTV - 1 years 
             || accounts
             || 3 mths bank statements are required. Oldest figure
             || cannot be more than 12 mths old          
             || Income is calculated on average of 3 years accounts 
    FTB      |: 3 months bank statements required 
    RTB      |: Pre-emption clause must fit Housing Act.
             || Form RTB111 required
    All      || Latest annual Lenders statements required & if
             || over 3 mths old,lastest 3 mths bank statements
             || showing payments
             || Electoral Roll / Historic Proof of residency 
             || required in all cases
             || International credit searches are not required
             || but proof of residency 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.
 
    
    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%)
    Self Build (Refer - Consider 95%)
    Education Fees (Max 85%)
    Holiday Home (Max 85%)
    Purchase Car, Boat, Caravan etc (Max 85%)
    Second Home (Refer to lender)
    Debt Consolidation (Max 85%)

    Any element of Capital Raising - Maximum LTV 85%
    Employed applicants if there is an element of capital raising and 
    the purchase price/valuation is below 250,000
    Upto 85% LTV for Self Employed applicants where there is an element of
    capital raising

    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         ||: Compulsory
    Arrears Outstanding   ||: No
    Arrears Settled       ||: Yes, over 3 years
    CCJ's Outstanding     ||: No
    CCJ's Satisfied       ||: Over 3 years
    Past Bankruptcy       ||: Must have been discharged for over 3 
                          ||| years
    Ex-Patriates          ||: Yes, refer
    DSS Payments          ||: No
    Diplomatic Immunity   ||: No
    Debt History          ||: No
    Guarantors            ||: Yes - Income to cover both loans 
                          ||| where app has max 10% shortfall in 
                          ||| income. Max LTV 80% 
    Max age on application||: Must not be over 75 at end of term
                          ||: if using income
    Interview Required    ||: Yes
    Multiple Applications ||: Max 4 apps - 2 incomes considered -
                          ||| individual merit - refer to lender
    Income Multiples      ||: Existing borrowers taking further
                          ||| mortgage with Lender multiples
                          ||| increase to 3.25 + 1 or 2.5 joint
    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%

    Applicant 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

    TENURE
    Freehold House
    Feuhold Flat / House (Scotland)
    Leasehold Flat / House
    Minimum lease required on application is 50 years
    Minimum lease required on redemption  is 30 years

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

    PROPERTY
    Flats over 4th floor (with / without a lift - Refer)
    Flat over shop (Self Contained)

    OTHER
    Studio House / Flat
    1 - 6 Bedrooms (7 + bedrooms - Refer)
    2 kitchens - Refer
    No inside WC - Refer
    No bathroom - 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


  

   

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

                         
    Re-Inspection Fee 35 per visit inclusive of 5 admin fee

    Option 2 - Homebuyers Report
    Property  OPTION 2    Property  OPTION 2
    Value                 Value
    
    (Upto)  25000         250
            50000         265
            75000         310
            100000        340
            125000        390
            150000        390
            175000        440
            200000        440
            250000        490
            300000        550
            400000        650
            500000        740
            750000        875
            1000000       1000
            1500000       1500
                                       
    Above Fees include 55 admin fee

    Lender requires Option 1 valuation only
    Structural Survey Fees on request


  

   
     (known to lender as High Percentage Loan Fee)

|   No MIP charged on loans upto & including 90%

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

|   Minimum fee 125
|   High Percentage Loan Fee can be added to loan whereby total 
|   loan including HPLF does not exceed 97%


  

   

    Bridging Finance         ||: Closed
    Drawdown Facility        ||: No
    Equity Release           ||: No
    Further Loans            ||: Yes
    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       ||: No
    Secured Loans            ||: Yes
    Full / Semi Commercial   ||: No
    Second Charges           ||: No
    Minimum Term             ||: None
    Maximum Term             ||: Endowment / Repayment - 40 yrs
                             ||| Pension - 50 yrs
    Reference Fee            ||: 30 + VAT
    Questionnaire Fee        ||: 50
    Telegraphic Transfer     ||: Refer
    Lenders Tie              ||: Alliance & Leicester Life 
                             ||| Assurance Company Ltd & Alliance 
                             ||| & Leicester Unit Trust Managers 
                             ||| Ltd
    Cross Selling            ||: Unless requested not to by 
                             ||| applicant 

    Alliance & Leicester
    Paper Apps 0.23% (max 2,400. No fee loans below 25,000)
    Online Apps 0.28% (max 2,400. No fee loans below 25,000)

    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 
    valuation, they will not receive a valuation report. If the 
    client requests a valuation they may do so, but at their own 
    cost 

    LENDING IN LONDON AND THE SOUTH EAST
    Upto 150K  max 95%
    Upto 300K  max 90%
    Upto 350K  max 85%
    Above 350K Max 75%

    Properties prefixed with any one of the following postcodes are 
    affected by the above Loan to Value bands        
    London EC,NW,SE,WC,E,N,W
    South East AL,BN,BR,CM,CO,CR,CT,DA,EN,HP,GU,HA,IG,KT,LU,ME,MK,
    OX,PO,RG,RH,RM,SG,SL,SM,SO,SS,TN,TW,UB,WD 

    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)