Contact Details
1st Source Direct
HINCKLEY + RUGBY BUILDING SOCIETY
81 Upper Bond Street
Hinckley
Leics
LE10 1DG
Tel : 0800 774499
Fax : 01455 636 237
ACCEPTABLE INTRODUCERS
1st Source only
SERVICE/PROC PAYMENTS
Refer to Lender
BROKER PACKAGING REQUIREMENTS
Introducer to submit fully completed and signed application
form, valuation and application fee or arrangement fee
SOLICITORS
Lender will use applicants solicitor providing a minimum of
2 partners. All partners must hold a current practising
certificate and be in practice. Must also be listed in
Waterlows Solicitors & Barristers Directory
Applicant can use lenders Solicitor if above are not met
Sole Practitioners are not acceptable
Employed|: Employers Reference, plus P60 & 3 payslips if over 75% LTV
|| Minimum 6 months in current employment
Self Emp|: 3 yrs accounts & accountants statement &
|| tax/assessments, 3mths personal & business Bank Statement
FTB |: As above (applicable to SVR only)
All |: Existing Lenders Reference-usually accept statements
|| Landlords Reference
|| Proof of identity
|| Other Lenders References (if requested)
|| Credit Reference
|| Valuation Report
Acceptable forms of identification
* Driving Licence
* Passport & Recent utility bill
* Certified copies accepted
Acceptable Purposes
Home Improvements
Re-Finance (replace existing loan)
Debt Consolidation
Education Fees
Family Holiday
Marital Settlement
Medical Fees
Purchase Car Boat Caravan etc..
UK Tax Payers ||: Compulsory
Arrears Outstanding ||: No
Arrears Settled ||: No
CCJ'S Outstanding ||: No
CCJ'S Satisfied ||: No
Bankruptcy ||: Not within 4 years of discharge - refer
Ex-Patriates ||: Refer
DSS Payments ||: No
Diplomatic Immunity ||: No
Debt History ||: No
Guarantors ||: Considered - Refer
Max age on application||: Varies - Refer
Interview Required ||: Not unless DMI required
Multiple Applications ||: Max 4 applicants - Incomes 3+1+1+1
Secondary Income ||: Upto 50% if guaranteed
Statutory Benefits ||: 50% if in addition to earned income
LIFE COVER REQUIREMENTS
Pension |: Personal and Super Annuation AVC Executive & PEPs
|| are all considered under the interest only
|| facility
PURCHASE
Property to Let (Owner use included / Investment) - not available on
special schemes.
Self Build with NHBC/ Zurich/ Architect supervised (certificates)
Second Property - Max 80% if holiday home, max 75% if commercial -
Not available on special schemes.
TENURE
Freehold House
Leasehold House / Flat
Minimum lease required on application = 75 yrs
CONSTRUCTION
Conventional Brick / Tile
Timber Framed (Brick Cladding)
PROPERTY
Flat up to 4th floor
OTHER
Converted Flat
Ex Council House
Part Commercial (Doctors Dentists Shop etc) not available on special
schemes
Single bedroom
Thatched Roof
LOCATION
England & Wales
(Possible LTV restrictions on higher value properties- refer)
~ PROPERTY VALUE FEE
~
Structural Survey & House Buyers Report Fees on request
Lender will nominate a local qualified valuer
| Charge is paid by the lender
Bridging Finance ||: No additional borrowing facility
Drawdown Facility ||: On flexible and offset products - refer
Equity Release ||: No
Premium Funder ||: No
Self Build ||: Yes - Individuals
Group Build ||: No
Shared Ownership ||: No
Top Ups ||: No
Further Advances ||: Yes
Split Loans (End / Rep) ||: Yes
Negative Equity ||: Ex borrowers only
ERP Refund / Waiver ||: Waived if new mortgage taken with
||| lender
Legal Fees Package ||: Yes
Secured Loans ||: No
Semi / Full Commercial ||: See COMMERCIAL FINANCE
Second Charges ||: No
Minimum Term ||: 5 years
Maximum Term ||: 25 years
Reference Fee ||: Refer
Questionnaire Fee ||: Varies - Refer
Telegraphic Transfer ||: 25
SERVICE/PROC PAYMENTS
Refer to Lender- Enhanced proc fees to certain networks
