1st Source Pr-LMC - List Of Banks .info

Contact Details

   

1st Source Processing
(London Mortgage Company)
PO Box 141
Deeside
CH5 3YJ

Tel : 0845 330 4158

Fax : 0845 330 4159

ACCEPTABLE INTRODUCERS
    1st Source Only

SERVICE/PROC PAYMENTS
    Refer to MISC

BROKER PACKAGING REQUIREMENTS
    Not Applicable

SOLICITORS
    Minimum of 2 practising solicitors and hold a current 
    practising certificate

References

   
  
    Employed |: P60 & Last 3 months consecutive Payslips OR 
             || Employers Reference
    Self Emp |: Accounts Affordability certificate dependent on 
             || product chosen
    FTB      |: As Above

Remortgages

   
     Refinance - 85%
     Home Improvements - 85% 

     Remortgage Available for any legal purpose, LTV dependent on 
     product chosen

Applicants

   

    UK Tax Payers       ||: Yes
    Arrears Outstanding ||: Yes dependent on product
    Arrears Settled     ||: Yes dependent on product
    CCJ's Outstanding   ||: Yes dependent on product
    CCJ's Settled       ||: Yes dependent on product
    Bankruptcy          ||: Yes dependent on product
    Ex Patriates        ||: Need to have resided in UK for 12 mths 
                        ||| or more at date of application
    Foreign Nationals   ||: Need to have resided in UK for 12 mths 
                        ||| or more at date of application + permanent
                        ||| residency
    Guarantors          ||: No

LIFE COVER REQUIREMENTS
    Most major life companies

Property Information

   
                         
    PURCHASE
    Main residence
    Second Home  
    Holiday Home 
    One Bedroomed Flat/House
    2-6 Bedroomed House
    7 plus bedroomed flat/House

    TENURE
    Freehold House (Flats not considered)
    Leasehold House / Flat
    Certain Flying Freehold House - Refer (Flats not considered)    

    CONSTRUCTION
    Coventional
    Brick on wood
    Thatched roof - Insurance Referral

    PROPERTY
    Garden Floor Flat (With/without lift)
    Ground Floor Flat (With/without lift)
    1-3 floor flat (With/without lift)
    4-6 floor flat (With/without lift)
    Flat over shop - Refer on individual basis
                                              
    OTHER
    Less than 10 yrs old no NHBC only if other professional 
    qualification such as a Architects's Certificate 

    LOCATION
    England, Wales
   
    PROPERTY - EXCLUSIONS
    Flats in blocks over 6 storeys, studio flats, steel framed construction,
    concrete construction, flats over shops need to be referred to LMC.

Survey Fees

Higher Lending Charge

   

|    (known as Higher Percentage Advance Charge)
|          75.0% Plus         || 5.95% / 1000

|   Minimum Premium 300
|   Added to Loan

Miscellanious

   

     Minimum Term            ||: 5 years
     Maximum Term            ||: 30 years
     Reference Fee           ||: 50
     Questionnaire Fee       ||: 50
     Telegraphic Transfer fee||: 30

    Collection Date
    We will collect in arrears by Direct Debit on the date specified in
    the Mortgage Offer each month or the next working day if that is a 
    weekend or public holiday. Payments must be collected by Direct Debit.
   
    London Mortgage Company	
    Whole Range	- 1.00%	(Min 350 / Max 5,000)

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