Full Status
    Employed |: Employers Ref & P60 & last 3 mths computerised 
             || payslips (min duration 3 mths) 
             || Previous Employers (if current job less than 1 yr)
    Self Emp |: Accountants Certificate (min trading 3 yrs), 3 
             || yrs accounts
             || An accountants Certificate 
             || will be required on ALL purchase application
    FTB      |: Proof of 'saved' deposit required (no gifting)
    All      |: Previous Lenders Reference or Annual 
             || Credit Ref/Voters roll search (if not registered proof 
             || of residency is required) (Infolink or CCN)
             || Proof of identity
             || Valuation
             || 12 months proof of mortgage payments

    Self Certification
    Employed |: Not available PAYE
    Self Emp |: Income declared on application form
    FTBs     |: Reference covering 12 mth period from a 3rd party 
             |: professional letting agency is required
    RTB      |: available
    All      |: Apps must be registered on a UAPT at a present or 
             || previous address 
             || Previous Lenders Reference or Annual 
             || Credit Ref/Voters roll search
             || Proof of identity
             || Valuation


  

   

    Consider for any purpose upto max published LTV as long as income
    multiples fit. Brokers should refer if the uplift is greater than
    50% of the current loan outstanding

    Up to 90% capital raising for unspecified costs can be 90% of 
    350k value.

    Refinancing
    Acceptable Purposes
    Home Improvements - reinspection required
    Marital Settlement
    Dependents Home 
    Education Fees
    Holiday
    Holiday Home
    Investment 
    Property to Let 
    Purchase car, boat, caravan 
    Second Home 
    Medical Expenses 
    Working Capital
    Business Start Up
    Debt Consolidation 

    Home Improvement Remortgages status requirements
    
    Transfer of equity - solicitors will be asked to confirm the 
    amount of the transfer and the transaction particulars
    
    Remortgages cannot be considered where an applicant has 
    received a further advance within the last 6 mths or where 
    the applicants current residential mortgage has not been in 
    existance for at least 6 mths 

    On BTL - Purchase & remortgages for any purpose 85% to 1 m
    On S/Cert purchase & remortgages for any purpose 90% to 315k 
    (above 350k val please refer)


  

   

    UK Tax Payers         ||: Compulsory for min 3 yrs
    Arrears Settled       ||: Refer
    Arrears Outstanding   ||: Refer
    CCJ's Satisfied       ||: Yes maximum of 2 CCJ's to a combined 
                          ||| value 500. Must be satisfied 2 years min.
    CCJ's Outstanding     ||: Refer
    Ex Patriates          ||: Yes
    Secondary Income      ||: Can be taken into account
    Guarantors            ||: No
    Past Bankruptcy       ||: No
    Foreign Nationals     ||: Refer
    Multiple Applications ||: Yes
    Loan Guarantors       ||: Yes - BTL only
    Debt History          ||: Refer
    DSS payments accepted ||: No
    Professionals         ||: Yes
    
    Minimum age Full Status Employed applicants is 18
    Minimum age self employed is 21
    Minimum age Self Certification is 21
    Minimum age BTL is 21
    Maximum age BTL is 75
    Maximum age 65 
    Regular overtime/commission/shift allowance/bonus, 75% may be 
    added to basic income (supported by last p60)
    Second Job - 100% may be added to basic income when 24 months 
    in both jobs, 50% may be added to basic income when more than 
    12 mths in both jobs

    NB : subject to total ancillary income not exceeding 50%

PROOF OF RESIDENCY  (CREDIT REQUIREMENT) TIME 

If applicants do not appear on the voters roll, proof of residency will be
required for ALL addresses in the last year only.
For example, if the applicant had lived at the same address for the last 
three years but do not appear on the voters roll, one bank statement dated
last month confirming the address would be sufficient.

Anti-Money requirement remain UNCHANGED 

PROOF OF RESIDENCY  EVIDENCE 

Credit card bills are now an acceptable form of proof of residency to 
satisfy the credit requirement if applicants do not appear on the voters 
roll.

MORTGAGE PAYMENT PROFILES       

For both Home Loans and Buy-to-Lets, evidence of only one mortgage payment
profile is now required.  If further CAIS mortgages are identified on the 
Bureau Search and these are not declared on the application form, it will 
no longer be a requirement to query the additional mortgages found.

BUREAU SEARCHES  ASSOCIATED ADVERSE CREDIT 
Associated adverse credit, (with a spouse or associated financial 
commitment) will no longer affect the decision to lend to the applicant.  

For example Wife applies for a buy-to-let in her sole name but the husband
has a CCJ  we can still lend to the wife if she has a clear search.

For home loans the husband and wife would have to be joint borrowers and 
therefore the decision would take account of both the husband and wifes 
adverse.

NEW PROPERTY DETAILS 
When new property details are received (ie when there is an existing case 
still in the pipeline) the bureau search only has to be updated if the 
previous one is now six months old. Within the six months the original 
search does not have to be reviewed, as this would have been done by the 
underwriter who dealt with the first application.

EXISTING CUSTOMERS 
If an applicant returns for an addional  buy-to-let  and they already have
a completed live account, subject to the total lending remaining below 2M, 
references will not have to be updated.  This applies to all borrowers, 
irrespective of when the loan completed.

ASSET & LIABILITY STATEMENT 
An asset and liability statement is only required if group exposure will 
exceed 1.5M 



LIFE COVER REQUIREMENTS
    Int Only |: Non Assignable Term Assurance
    Pension  |: Personal & Executive

    Most major Life Co's accepted

    "Buy to Let" Products do not require Life cover but is
    recommended.


  

   

    A 25 admin fee is payable if lenders Buildings & Contents 
    Insurance is not taken 
    Sighting of policy required. Minimum property value 50,000

    PURCHASE
    Council RTB House (must have 50% owner/occupied rate)
    Second Home - Dependent on case - refer
    and Buy To Let (subject to normal policy restrictions)
    Main residence House/ Flat, minimum value 50,000
    RTB - 115% DPP 70% OMV. No MIP payable

    TENURE
    Freehold House
    Leasehold House / Flat
    Minimum lease required on application is 60 years
    Minimum lease required on redemption  is 35 years

    CONSTRUCTION
    Conventional Brick / Tile
    Timber framed - Yes - no pre 1960 timber framed properties (house).

    PROPERTY
    Flat upto 4th floor (with / without lift)
    Flat over 4th floor (with / without lift - Refer)

    OTHER
    Back to Back (if new refer to lender - if victorian NO)
    Converted Flat
    Ex Council House (must have 50% owner/occupied rate)
    Single Bedroom - 50,000 min value
    Thatched Roof (Refer)
    NHBC certificate required on all properties less than 10 years
    old
    Shared ownership - No
    Back to Back House/ Studio flat - refer

LOCATION
    England, Wales & Northern Ireland (mainland only)


  

   

~   Purchase Price          Fee
~   or Valuation
~
    Investment Mortgage
    Upto 60,000            205
     60,001 - 100,000     225
    100,001 - 150,000     245
    150,001 - 200,000     285
    200,001 - 250,000     325
    250,001 - 300,000     365
    300,001 - 350,000     405
    350,001 - 500,000     465
    500,001 - 600,000     545
    600,001 - 700,000     605
    700,001 - 800-000     665
    800,001 - Refer       


    Admin Fee - 80 BTL & 105 Homeloans
    

    Homebuyer Reports & Structural Survey Fees negotiable between
    Applicant & Valuer


  

   

|   Status No MIP payable
|   BTL No MIP Payable
|   S/C No MIP Payable


  

   

    Bridging Finance                 ||: No
    Drawdown Facility                ||: No
    Equity Release                   ||: Yes
    Premium Funder                   ||: No
    Self Build                       ||: No
    Shared Ownership                 ||: No
    Top Ups                          ||: No
    Further Advance                  ||: Yes
    Split Loans (Endowment/Repayment)||: Yes
    Negative Equity                  ||: No
    ERP Refund / Waiver              ||: No
    Legal Fees Package               ||: Refer
    Secured Loans                    ||: No
    Semi/Full Commercial             ||: No
    Second Charges                   ||: No
    Minimum Term                     ||: 5 years
    Maximum Term                     ||: 35 years
    Reference Fee                    ||: 60
    Questionnaire Fee                ||: 60
    Telegraphic Transfer             ||: 35
    Lenders Life Tie                 ||: None
    

    Geographical Locations :- Mainland England, Wales & Northern Ireland
       
    Self certification - not avaliable to employed apps -
    Self Cert FTB min 2years trading required - Self cert remortgage 
    min 1 year trading required, status applicants who wish to remortgage
    on an existing unencumbered property (50,000 to Max 80% LTV)
   
    Minimum Term for BTL is 5 years. 

    Remortgages - There is no uplift limit on provided CHL is 
    satisfied on the applicants ability to repay the loan, however if 
    uplift is greater than 50% refer

    FIRST TIME BUYERS

Status borrowers max LTV 95% to max 250K
Self Cert        max LTV 85% to max 250K

income multiples

All regular outgoings ie loans and hire purchase are deducted after
applying the income multiples for all home loan applications(S/C and
status). Income Multiples 3.5 x single or 2.75 x joint. FTB 3.25 x 1 
3.25 + 1 or 2.5 x joint

Proc Fees
0.5% fee on all products

Re-inspection fee 50
Deeds release fee 40
Sealing fee 120