Employed |: Latest 3 payslips or latest payslip plus P60 or latest
             || payslip plus 3 mths bank statements showing salary
             || credit or employers reference (Mainstream & Sub Prime)
             || Expat - Employers Reference, BTL - N/A, SC - N/A
    Self Emp |: Latest 2 years accounts or 2 years Inland Revenue Self
             || Assessments or Accountants Certificate plus verification
             || that accounts exist (Mainstream & Sub Prime)
             || Expat - No self employed, BTl - N/A, SC - N/A
    FTB      |: As above plus latest 3 months bank statements
    All      |: Credit Reference (Experion)
             || Valuation
             || Second Time Buyers - Latest Lender Statement
             || Each case considered on individual basis, 
             || Additional information where considered appropriate 
             || and relevant to the decision may be requested. 
             || If the applicants are not on the voters roll at the 
             || current address proof of residence must be provided 
             || E.G.bank/buildings Society statement, credit card 
             || statement or council tax statement 


  

   

     Available for any purpose except settlement of tax bills and 
     gambling debts, no stock market or currency speculation
     Business Start-up ONLY when loan supported from existing and 
     continuing income - thus this will generate additional income
     Home Improvements - Retention may be held dependent upon LTV
     Consolidation of Debt - Full details of outstanding debts plus 
     proof of payment required - may be condition of offer
     Purchase of Second or Holiday Home full details of property to 
     be supplied with application, Solicitor to confirm exchange of 
     Contracts
     Matrimonial Settlement - Confirmation from Solicitor required



  

   

    UK Tax Payers         ||: Compulsory
    Arrears Outstanding   ||: Only allow 1 mth in last 12 months, unless
                          ||: sub-prime 2 mths in last 3 yrs
    Arrears Settled       ||: Yes, unless sub prime - subject to above
    CCJ's Outstanding     ||: Yes - Sub Prime
    CCJ's Satisfied       ||: Only allow one upto 250 in last 2 
                          ||| years, unless sub-prime
    Ex Patriates          ||: UK National abroad and Foreign Nationals
                          ||| employed by Multi National Company or
                          ||| Government Agency (No diplomatic immunity)
                          ||| - See specific scheme details
    Guarantors            ||: No
    Min age               ||: Employed - Primary Applicant 18 (21 for
                          ||| for expatriot scheme, 30 for High Net Worth)
                          ||| Secondary applicant 18
                          ||| Self Employed - 18

    Acceptable Professions (for professional scheme) -  
    Accountant (CIMA & CIPFA included), Actuary, Doctor,
    Solicitor, Advocate or Barrister, Dentist, Vet, Pharmacist, 
    Architect, Engineer (Chemical, Civil or Structual), Surveyor
    If 1 applicant is a professional multiples are 4 + 1 or 2.75 joint
    If both applicants are professional multiples are 3 x joint
    

    Definition of income - 100% of basic salary, mortgage subsidy, large
    town cost of living allowance, 100% of overtime, bonus, shift 
    allowance or commission that is regular or guaranteed where 
    this does not exceed 25% of basic salary. We consider upto 50% 
    of regular or non-guaranteed, bonus and commission where this 
    exceeds 25% of basic salary. Exclusions - Travel Allowance and 
    expenses 

    Investment Income considered on an individual basis upto 50% maximum
    For self-cert lending, total declared income is accepted - where 
    rental income included must be net of payments on investment mortgage

LIFE COVER REQUIREMENTS
     Customers to satisfy themselves that they have made proper 
     provisions for cover, lender requires details of arrangmeents to
     repay the loan. Policies will not be assigned


  

   

    No minimum property value stipulated

    BTL minimum valuation 40,000 or 75,000 London Postal Districts
        
    PURCHASE
    Freehold House
    Feuhold House
    Leashold House/Flat
    Minimum unexpired lease required on application - 70 Years
    Flying Freehold - Refer

    CONSTRUCTION
    Conventional Brick / Tile
    Timber Framed (Brick / Other Cladding - Refer To Lender)
    Wholly Timbered (Refer)
    Non Standard Construction - refer

    PROPERTY
    Flats upto 10 storeys may be considered subject to valuers 
    comments, private developments only   
    Flat over shop (Self Contained) - Subject to Valuation (Prefer not to 
    take)

    OTHER
    Converted Flat
    Ex Council House
    Ex Council Flat - Refer
    Single Bedroom
    Studio Apartment - Subject to valuation
    Thatched Roof
    Self Build property - Refer - Only when finished and subject to usual
    certification if under 10 years old

LOCATION
    England, Wales, Mainland Scotland & Northern Ireland



  

   

    Fees shown include VAT and a 150 admin fee
    Homebuyers Report Fees available 
    Lender operates a panel of valuers
    Further Advance fee and re-inspections - Refer


  

   

|    00.00 - 90%   Nil
|    90.01 - 95%   ||8.50% per 1000 (from 75% LTV)

|   Premium added to loan to 99% LTV max



  

   

    Bridging Finance         ||: No
    Drawdown Facility        ||: Only on Flexible product
    Equity Release           ||: No
    Builders Deposit         ||: Acceptable upto max of 5% of Purchase
                             ||: Price - Valuer must be made aware of it
                             ||| and comment in his report
    Family Gift of Deposit   ||: Acceptable unless property is being
                             ||: purchased from a family member.
                             ||: Confirmation will be required from
                             ||| that it is a gift and not payable
    Vendors Deposit          ||: Max loan must be based upon discounted
                             ||: purchase price
    Family Purchase at disc- ||: Max loan must be based upon discounted
    purchase price           ||: purchase price - deposit still required
                             ||| from applicant as LTV calculated on
                             ||| discounted price
    Premium Funder           ||: No
    Self Build               ||: No
    Shared Ownership         ||: No
    Top Ups                  ||: No
    Further Advances         ||: Yes see below
    Minimum Term             ||: 5 years
    Maximum Term             ||: 40 years
    Reference Fee            ||: 47
    Telegraphic Transfer Fee ||: 49

    MULTIPLES FOR SELF CERT
    3.25 + 1 or 2.75 joint

    BUY TO LET
    Rental income must cover 125% of the proposed (interest Only)
    mortgage payment at Bank Of England Base Rate + 0.75%.

    Further Borrowing to fund deposit - Not allowed, the only 
    exception is for Buy to Let cases where the applicant is 
    capital raising on other properties for 15% deposit 

    FURTHER ADVANCES
    Further Advances Minimum loan on SVR 1000. On all other products
    minimum 25,001 for Capital Raising or Debt Consolidation or BTL and
    not let to immediate family member
    
    A further advance may only be taken on a product subject to the 
    minimum balance shown above. This product should be selected 
    from the same range as that for the primary loan

    EXPATRIATES
    Designed for UK citizens working abroad who wish to purchase
    property in UK while still abroad. Property may be let while
    not occupied by the applicant(s). Minimum age 21. Employed 
    applicants only, must be employed by a multinational company or 
    goverment agencies 

    HIGH NET WORTH
    Income multiple; 4 x single (No joint Multiple allowed) 
    loan 100000, 75% max LTV, min age 30