Employed |: Employers reference or 2 mths payslips or 3 weeks payslips
             || Minimum time in employment 12 months
             || Current employment less than 12 months (no minimum 
             || time with current employer as long as probationary 
             || period has been fully completed)
    Self Emp |: 1 years accounts prepared by a qualified accountant/1 years
             || tax assessments or self assessment lodged with tax authority
    Retired  |: Yes as long as they are in receipt of a private pension
             || income.
    FTB      |: Yes
    RTB      |: Yes
    All      |: Existing Lenders Reference - Original lenders
             || last annual statement with proof of all payments
             || since last one shown on statement - original bank
             || statements acceptable as proof
             || Other Lenders Reference (at lenders discretion)
             || Credit Reference
             || Valuation Report


  

   


    Acceptable Purposes
    
    Refinancing  for  Remortgage
    Home Improvements
    Marital Settlement
    Dependents home
    Self Build home 
    Education Fees
    Holiday
    Holiday Home
    Investment 
    Property to let  
    Purchase car, boat, caravan etc..
    Second Home (UK for owner use)
    Medical Expenses
    Dept Consolidation


  

   

    UK Tax Payers         ||: Compulsory
    Arrears Outstanding   ||: Adverse accepted as per individual product
                          ||  parameters on the product guide
    Arrears Settled       ||: Adverse accepted as per individual product
                          ||  parameters on the product guide
    CCJ's Outstanding     ||: Adverse accepted as per individual product
                          ||  parameters on the product guide
    CCJ'S Satisfied       ||: Adverse accepted as per individual product
                          ||  parameters on the product guide
    Bankruptcy            ||: Adverse accepted as per individual product
                          ||  parameters on the product guide 
    Ex-Patriates          ||: No
    Foreign Nationals     ||: No
    Diplomatic Immunity   ||: No
    Guarantors            ||: No
    Debt History          ||: Adverse accepted as per individual product
                          ||  parameters on the product guide
    DSS Payments          ||: No
    professionals         ||: Yes as per standard criteria
    Interview Required    ||: No
    Multiple Applications ||: No
    Secondary Income      ||: Yes
    Minimum Age           ||: Primary Applicant 18
                          ||  Secondary Applicant 18
    Max age on application||: No maximum age, if the mortgage term 
                          ||  takes the applicant past the age of 65,
                          ||  confirmation as to how the mortgage will
                          ||  be paid during retirement will be required.



  

   

    We do not offer Building insurance but there is a 25 charge
    for administration costs.
  
    PURCHASE House/Flat
    Main Residence - Yes
    Second Home - No
    Home for dependent - No
    Holiday Home - No 
    RTB - Yes

    TENURE
    Freehold House
    Leasehold House / Flat
    Feuhold House / Flat
    Flying Freehold - Please refer to Lender
    Minimum lease required on redemption  - 50 years for England and Wales
    and 99 years for Northern Ireland.

    CONSTRUCTION
    Conventional Brick / Tile

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

    OTHER
    Converted Flat (High standard required)
    Ex Council House (Individually assessed)
    

    LOCATION
    England, Wales, Mainland scotland and northern Ireland.


  

   

    (known to lender as Application Fees)

~   PURCHASE PRICE    FEE      
~   Up to                      
~
    Fee covers valuation upto 500000 credit enquiries, VAT and 
    initial processing of application
    Structural Survey & House Buyers Report Fees on request
    Valuations by panel valuer


  

   
 
  N/A


  

   

    Bridging Finance         ||: No
    Equity Release           ||: No
    Top Ups                  ||: No
    Further Advances         ||: Yes
    Split Loans (End / Rep)  ||: No
    Negative Equity          ||: No
    Legals fees Package      ||: No
    Secured Loans            ||: No
    Premium Funder           ||: No
    Self Build               ||: No
    Group Build              ||: No
    Shared Ownership         ||: No
    Second Charges           ||: No
    Minimum Term             ||: 5 Years
    Maximum Term             ||: 35 years
    Survey Re-inpection fee  ||: 75
    

    SERVICE/PROC PAYAMENT 
    Refer to Lender
 
    Advantage use an affordability calculation rather than an income 
    multiple. This calculation is called the Debt to Income Ratio (DTIR). 
    This means that we will allow the applicants 
    a certain maximum percentage of their gross total income to be used to
    pay credit commitments such as the Advantage mortgage, any other 
    mortgages/secured loans, unsecured 
    loans and credit cards (taking 3% of the balance as the monthly 
    payment on credit cards). This maximum percentage varies depending on 
    the combined gross annual income as follows:

    The maximum DTIR is 45% except for self-employed 
    verified/self-certification applicants where DTIR 50% may apply.

    Self-Certification Employed
    The maximum employed self-certified income is 40,000. If a joint 
    application and both parties are employed and wish to self-certify 
    their income, the maximum combined income is 40,000. 
    A telephone call will be made to the applicant's employer to confirm 
    they are in permanent employment, their position and the length of 
    time in employment.

    Self-EmployedVerified/Self-Certification
    Single or combined income above 40,000 the applicant can opt to use a
    50% DTIR if required, subject to receipt of a qualified Accountants 
    letter confirming the length of the time they have 
    been trading and that the business is solvent.

    The Advantage mortgage payment will be calculated against the higher 
    of the reversionary payment and the initial/incentive payment on 
    whatever repayment method the applicant has chosen.
    Provided the DTIR is equal to, or below, the maximum, the case fits 
    the affordability criteria.
    The following are excluded from the DTIR calculation  any unsecured 
    loan or hire purchase account that has under 3 months left to run, any
    mail order accounts and also any overdraft accounts which do not 
    require monthly repayments to be made.