Employed |: P60's, Payslips and Employers References are needed
             |: in most cases
             |: This does not apply to contract workers. 
             || Miniumum period in employment 3 mths on a permanent 
             || basis, 6 mths history required.
             ||  
    Self Emp |: 3 yrs accounts required but where the length of 
             || trading is less we will also consider - 2 years 
             || accounts, plus 100% of satisfactory projection - 
             || loans upto 95% 
             || 1 years accounts, plus 75% of a satisfactory 
             || projection - loans up to 90% on mid prime.
             || Accountants statement required in all cases
    FTB      || As above
    RTB      || As above
    All      |: Previous Lender / Landlords Ref (not private 
             || landlords)
             || Credit Ref (Equifax)
             || Valuation
             || Last annual mtg statement accepted as proof of mtg 
             || payment if the year end statement date is within 6
             || mths of the date of mtg application 

Car Allowance|: Use up to 100% guaranteed as allowable income.

Overtime/Bonus payments - Senior mortgage underwriters empowered to  
             to include up to 100% guaranteed, 50% regular of this additional
             source of income in allowable income. (Guidance to be 
             provided to underwriter taking the following factors into 
             account: loan to ratio; type of loan; type of industry and 
             type of occupation).             

Minimum Employment - Reduced from 6 and 3 months provided confirmed as  
             being in a permanent role and not subject to a probationary 
             period. same employment criteria will now for apply for 
             capital rasising loans.
     
First Time Buyers - Utilise credit check to assess repayment of other loans 
             where data available.

Lender references - Utilise credit check to assess repayment of other loans
             where data available.

Estimates - No longer required on remortgage and right to buy applications.









 


  

   

    Acceptable Purposes
    Home Improvements (Max 95%)
    Marital Settlement (Max 95%)
    Re-Finance (Max 95%)
    Education Fees (Max 85%)
    Holiday (Max 90%)
    Holiday Home (Max 90%)
    Investment (Max 90%)
    Purchase car, boat, caravan etc (Max 90%)
    Second Home (Max 80%)
    Medical Expenses (Max 90%)
    Debt Consolidation (Max 90%)

    Remortgages - loan tolerance of up to 1000 available which can be 
    invoked should arise to allow the solicitor to increase the loan
    amount for completion without an amended offer. 


  

   
                         
    UK Tax Payers         ||: Must be for at least 2 years
    Arrears Outstanding   ||: No
    Arrears Settled       ||: Yes if less than 2 mths
    CCJ'S Outstanding     ||: No
    CCJ'S Settled         ||: Yes within criteria limits
    Bankruptcy            ||: No
    Ex Patriates          ||: Yes
    DSS Payments          ||: No
    Diplomatic Immunity   ||: No
    Debt History          ||: No
    Guarantors            ||: Yes LTV max 95%
    Max age on application||: 75
    Interview Required    ||: Branch interview
    Secondary Income      ||: Considered - Refer

Shared 0wnership: Refer to Lender.

LIFE COVER REQUIREMENTS
    Pension  |: Personal - 100% Tax Free Cash at 13% Growth Rate
             || Company & Executive - Unacceptable
    Int Only |: Term Assurance recommended

    Most major Life Co's acceptable


  

   

    25 admin fee charged if lenders Buildings Insurance is not 
    taken. 
    Maximum property value is 800,000
    Minimum Property value 40,000 in England, Wales & Northern 
    Ireland. 25,000 in Scotland
 
    BUY TO LET
    Minimum Valuation 50,000 except for London Postal Codes which
    is 85,000 and South East Postcodes 70,000

    PURCHASE
    Council RTB House

    RTB - Max 100% DPP 95% OMV

    TENURE
    Freehold House
    Feuhold House / Flat (Scotland)
    Leasehold House / Flat
    Minimum lease required on redemption - 40 yrs

    CONSTRUCTION
    Conventional Brick / Tile
    Timber Frame (Brick / Other Cladding) Only after 1975.
    Thatched House - Refer

    PROPERTY
    Flat up to 6th floor (with a lift)
    Flat up to 4th Floor (with/without lift) 

    OTHER
    Back to Back (Refer)
    Converted Flat
    Ex Council House
    Single Bedroom
    Self Build (5 stages, 1st Stage to buy land)

LOCATION
    England, Wales, Scotland & Northern Ireland

    Northern Ireland - 19-21 Cornmarket
                       Belfast
                       Tel||: 01232 242277

Type of property - Follwing added to the types of acceptable properties:
    * Mordern converstions.
    * properties that do not have separate bedrooms, sitting rooms,
      Kitchens or bathrooms (e.g. high quality apartments and conversions)
      with a minimum floor area of at least 60m squared.
    * Properties with more than six floors, but with a continuing exclusion 
      of ex-Local Authority or Housing Assocation properties.








 


  

   

~   PROPERTY VALUE             FEE    
~   (not exceeding)         


    Payable on application
    Further Advances Fee 60
    Re-Inspection Fee 40
    Valuation fee include a 90 admin fee
    Valuations by Staff valuer

    Minimum Valuation - 40,000 in most areas (exceptions to be defined).

    Homebuyer Fees :
~   PROPERTY VALUE             FEE    
~   (not exceeding)         
    Upto   50000              280
    Upto  100,000             360
    Upto  150,000             425
    Upto  200,000             480
    Upto  250,000             550
    Over  250,000             550 + 2 per 1000 purchase price 
    in excess of 250,000

    


  

   

|   (Known as Mortgage Guarantee Premium by the lender)
|   Up to    75%    ||Nil
|   75.01% - 80%    ||4.95% / 1000
|   80.01% - 85%    ||5.95% / 1000
|   85.01% - 90%    ||7.95% / 1000
|   90.01% - 95%    ||8.95% / 1000

|   Min Premium - 250
|   Premiums may be added to the advance within LTV limits for 
|   each product.  Indemnity Insurance is provided by Royal &
|   Sun Alliance.    
  


  

   

    Bridging Finance         ||: No
    Drawdown Facility        ||: No
    Equity Release           ||: No
    Premium Funder           ||: No
    Self Build               ||: Yes - See Below
    Stage payments           ||: Yes - See Below
    Top Ups                  ||: No
    Further Advances         ||: Yes - see below
    Payment Protection       ||: Yes
    Split Loans              ||: Yes
    Negative Equity          ||: Yes (If with LHBS)
    ERP Refund / Waiver      ||: No
    Legal Fees Package       ||: Refer
    Secured Loans            ||: Yes
    Semi / Full Commercial   ||: No
    Second Charges           ||: No
    Minimum Term             ||:  5 Years
    Maximum Term             ||: 40 years
    Telegraphic Transfer     ||: 30.00
    Lenders Life Tie         ||: Norwich Union

    SERVICE/PROC PAYMENTS
    All Products 0.35% Min 175 No Max

    Self Build & Stage Payments
    Applicants for self build and stage payments will now be 
    considered under the following criteria :
    Maximum ultimate LTV does not exceed 90%
    Stage Payments to be released in up to 5 stages, ageed by a 
    suitably qualified surveyor/valuer (a fee will be charged for 
    each stage re-inspection)
    
    Further advances lending policy:
    Requirement for solicitors to act- Solicitors no longer required to 
    act in loans over 50,000. Title insurance will be obtained. 

    Let properties - Home improvements on let properties allowed up to 
    a maximum LTV of 80%.

    Finance to pruchase land is acceptable as first stage, provided 
    detailed outline planning permission is obtained and full 
    schedule of costs are available 
    Up to 85% LTV allowed at each stage

    EASY TRACK SCHEME 
    Moving house just got a whole lot easier for Leeds & Holbeck 
    customers - thanks to Easy Track the Society's new mortgage 
    package for existing borrowers. As part of the new Easy Track
    scheme, launched today,Leeds Building Society borrowers can enjoy 
    the added bonus of 250 cashback and free Mortgage Payment 
    Protection for three months when they transfer their existing
    mortgage to their new home. And for a cheaper, easier house 
    move, the society has teamed up with removals specalists Brewer 
    & Turnbull to offer 10% discount on their services. Increased 
    borrowing limits are also available - existing borrowers can 
    loan upto 3.5 times their sole income, or 3.5 times their sole 
    income plus on times the second customers income, or 2.75 times
    the joint income. The Mortgage moves with the customer, so 
    borrowers currently in one of the society's 'great mortgage 
    deals' will not have to pay early repayment fees.