SOLICITORS
    TMB will generally instruct the Applicant's Solicitor. Licensed
    Conveyancers or sole Practioners are able to represent TMB. Any
    Loan size over 500,000 will require a two partner Solicitor
    practice to act.
    


  

   

     Employed - Applicant(s) must have been in continuous employment 
     for a minimum of 12 mths and in their current job for at least 6 mths,
     with no more than 2 employers in the last 12 mths

     Self Employed - Minimum time in self-employment is 1 yr (2 yrs for 
     full status applications). Directors with a shareholding of 25% or
     more will be treated as self employed.

     Contract Work - Contract workers will be considered where the 
     current contract is for a minimum duration of 1 year with at least 
     6 mths left to run at the time of application

     Full Status Cases
     For full status applications proof of income is required:-

     For employed applicants relying on basic salary only - Either their
     last monthly payslip or their latest two weekly pay slips.

     For employed applicants whose income varies, for example through
     overtime, commission and bonuses: Their last three monthly payslips
     or their latest six weekly pay slips

     Where the above are not available, an Employers Reference will be 
     obtained

     Second Job Income - Where the applicant holds two jobs and the
     secondary income is required, a reference must be obtained. The
     secondary employment must be permanent and the applicant must have
     been employed for a minimum of 12 months

     Self Employed - For full status cases where the applicant is self 
     employed, the last 2 years trading accounts (including balance
     sheets) prepared and signed by an accountant who is ACCA, CIMA,
     CIPFA, AAPA or AAT qualified. projections will not be accepted. The
     average of the last 2 years figures will be taken as assessable
     income. Tax assessments will be accepted in lieu of accounts.


    Full Status Employed
    Employed |: As above
    FTB      |: As above + Tenancy Reference, Fees repaid over mtg term
    RTB      |: Not available
    All      |: Existing Lenders Reference/Statements covering 12 mths
             || Landlords Reference / Copy of Rent Book
             || Bank Reference / Statements (At underwriters
             || discretion)
             || Proof of Identity
             || Credit Reference (Equifax & CCN)
             || Valuation Report

    Self Cert 
    All      |: Existing Lenders Reference/Statements covering 12 mths
             || Last 2 yrs a/c (including balance sheet) Self Assesment
             || tax calculation forms from the Inland Revenue (lieu of 
             || accounts).
             || Landlords Reference / Copy of Rent Book
             || Proof of Identity
             || Credit Reference to include business if applicable
             || (Equifax & CCN)
             || Valuation Report
             || One Years Trading Required(FTB'S 2 Yrs Trad)
             || 6 mths with current employer, max 2 jobs in 
             || 12 mths.Official Rent record for FTB over 
             || 80% LTV.

    Self 85 
    Self Employed   |: Existing Lenders Reference covering 12 
    Only            || mths / 12 mths statements
                    || Proof of Identity
                    || Credit Reference to include business if 
                    || applicable (Equifax & CCN)
                    || Valuation Report
                    || 2 Years trading required
                    || No FTB's
                    || Self Employed Only

    See each individual scheme note for details of Self 
    80, Next Move and House to House

    Acceptable forms of identification
    Current full signed Passport, EU National's Residence Permit, Current
    full UK Driving Licence, UK Photocard Diving Licence (provisional or
    full), Firearms Certificate, Buidlings Industry Sub Contractors Tax
    Certificate issued by Inland Revenue, Benefits Agency Book, Inland 
    Revenue Tax notification, Utility Bill, Council Tax Bill, Bank 
    Statements

    Acceptable address verification
    Bank/Building Society/Credit Union statement or passbook, UK Photocard
    Driving Licence (provisional or full), Current Council Tax Bill, 
    Local Council Rent card or Tenancy Agreement, Utility Bill (no more 
    than 3 mths old), Latest Mortgage Statement, Certificate or Interest 
    or Rate change letter clearly stating address, Benefits Agency Book

    It is NOT possible to use the same document to prove both ID and 
    address verification.

    All existing customers MUST be treated as new with regard to the 
    copmpletion of money laundering verification checks.


  

   

    The capital raising limit has been increased to a maximum loan
    150,000 to 90% LTV. Except for credit repair and Investment
    Products where it is limited to the lower of 50,000 or 50% of 
    Current Valuation.  
    
     

    

    Home Improvements
    Allows transfer of any existing 1st mortgage plus upto 500
    to cover transfer costs. Proposed home improvements to be
    financed by remortgage to be fully documented and subject to
    retention as appropriate

    Acceptable Purposes
    Home Improvements
    Re-Finance (replace existing loan - Home Improvements)
    Debt Consolidation (Capital Raising)
    Education Fees (Capital Raising)
    Family Holiday (Capital Raising)
    Holiday Home UK / Overseas (Capital Raising)
    Investment Opportunity
    Equity Buyout
    Medical Fees (Capital Raising)
    Property to Let (Investment - Capital Raising)
    Purchase Car Boat Caravan etc.. (Capital Raising)
    Second Residence UK Owner / Dependents Use / Overseas (Capital
    Raising)
    Unencumbered Property (no existing mortgage - Capital Raising)



  

   

    UK Tax Payers         ||: Compulsory
    Arrears Outstanding   ||: No
    Arrears Settled       ||: Yes (no more than 1 mth)
    CCJ's Outstanding     ||: No
    CCJ's Satisfied       ||: Yes (3 CCJ's or defaults up to a 
                          ||| maximum 1,000 in total. All must be 
                          ||| repaid on or before completion, 
                          ||| Maximum 90% LTV & No FTB's) 
    Bankruptcy            ||: Yes
    Ex-Patriates          ||: No
    DSS Payments          ||: No
    Diplomatic Immunity   ||: No
    Debt History          ||: No
    Guarantors            ||: No
    Max age at end of     ||: 70 Years
    mortgage term         |||
    Interview Required    ||: No
    Multiple Applications ||: Max 4 applicants. 2 incomes
                          ||| considered
    Secondary Income      ||: Yes if permanent and guaranteed. 
                          ||| Must have held position for a 
                          ||| minimum of 1 year

   Minimum assessable income for primary applicants is 10,000 pa
   and 16,000 pa for joint applicants where a joint multiple is 
   to be applied


LIFE COVER REQUIREMENTS

    Repayment|: Decreasing Term Assurance or Mortgage Protection is
             |: strongly recommended but not insisted on 
    Int Only |: Term Assurance
    Pension  |: Personal Pensions ONLY
             || 100% Tax Free Cash at 13% Growth Rate

    Most major Life Companies considered
    Policies not assigned, Offer conditions stipulate 'suitable 
    repayment vehicle is strongly recommended


  

   

    25 charged if lenders Buildings Insurance is not taken.Copy
    of the policy required. Minimum Property value 35,000

    TENURE
    Freehold House
    Leasehold Flat/House
    Minimum lease required on application is term of mortgage plus
    40 years

    CONSTRUCTION
    Conventional Brick / Tile
    Timber Framed (Brick Cladding)

    PROPERTY
    Flat upto 4th Floor (with / without Lift)

    OTHER
    Converted Flat
    Ex Council - House / Flat
    Single Bedroom
    Thatched Roof

LOCATION
    England (inc Isle of Wight), Wales, Mainland Scotland & Northern 
    Ireland. 


  

   

~   Purchase Price      Fee
~   (Not Exceeding)  (Inc VAT)
~

    Homebuyer Reports & Structural Survey Fees negotiable between
    Applicant and Surveyor
    For details of panel valuers refer to lender


  

   

|   known as Higher Percentage Advance Fee

|   HPA cuts in at 70% on all Full status products over 125,000

|   Standard, Full Status, Next Move & Flexi 95
|           75%  - 90.0% ||6.95% / 1000
|           90.01 - 95%   ||8.90% / 1000
            
|           75% - 100%  ||11.44% / 1000

|   House 2 House  
|           70%  - 85%  ||7.20% / 1000

|   Flexi 80 & Prestige
|           70%  - 80.0% ||6.95% / 1000
            
|   Self 85, Next Move,Self Cert
|           70%  - 80 or 85% ||6.95% / 1000

|   SELF 90 
|           70%  - 90%  ||7.55% / 1000


|   HPA cut in @ 70% on all  standard products for loans over 125000
|   Min Premium - 350
|   Premium can be added 
|   Premium can be added at 100% LTV 
|   Surrender value options available on all products