Employed        |: Employers Reference 
    Self Emp        |: 3 years accounts (2 yrs may be considered 
                    || if projection provided for 3rd year)
                    || 6 months business bank statements, 
    FTB             |: As above
    RTB             |: As above plus Right To Buy papers
    All             |: Existing Lenders Reference
                    || Proof of Identity
                    || Other Lenders References (if being paid 
                    || from advance)
                    || Credit Reference (Experian & Equifax)
                    || Valuation Report
                    || 3 mths bank statement may be required in 
                    || certain cases - refer to lender

    COMPUTER CONSULTANTS & CONTRACT WORKERS
    Underwriters have the discretion to assess "contract"
    workers on an individual basis, including Computer
    Consultants.
 
    Acceptable forms of identification
    Current full UK Passport / Armed Forces ID Card
    Employer Identity Card (must have photo and signature)
    Current full UK Driving License
    Original Building Society Passbook (with signatures)

    If non of the above are available 2 of the following may be 
    considered 
    Cheque Guarantee card
    Credit Card
    Bus Pass
    Provisional Driving License
    Bank Statement
    Store Card
    Birth Certificate
    Marriage Certificate
    Vehicle Registration form


  

   

    Proof of what the money is being used for is required by means
    of estimates etc..

    Acceptable Purposes
    Home Improvements
    Re-Finance (replace existing loan - Home Improvements) 
    Debt Consolidation (Capital Raising) 
    Business Purposes (Capital Raising) 
    Education Fees (Capital Raising) 
    Family Holiday (Capital Raising) 
    Holiday Home UK 
    Investment Opportunity (Capital Raising) 
    Marital Settlement (Capital Raising) 
    Medical Fees (Capital Raising) 
    Purchase Car Boat Caravan etc.. (Capital Raising) 
    Second Residence (UK / Dependents Use - Capital Raising) 
    
    Self Build (Home Improvements) 
    Tax Settlement (Capital Raising) 
    Timeshare (UK / Overseas - Capital Raising) 
    Unencumbered Property (No existing mortgage - Minimum loan
    25001 - Home Improvements) 
    Unspecified Purpose (Capital Raising) 
    Working Capital (Existing Business - Capital Raising)


  

   

    UK Tax Payers         ||: Compulsory
    Arrears Outstanding   ||: No
    Arrears Settled       ||: Yes - providing no arrears within 
                          ||| last 12 mths (each case assessed 
                          ||| individually) 
    CCJ's Outstanding     ||: No
    CCJ's Satisfied       ||: Yes - providing only 1 CCJ < 250 
                          ||| registered incorrectly or as a 
                          ||| result of a genuine dispute (each 
                          ||| case assessed individually) 
    Bankruptcy            ||: Yes - If over 6 years ago and
                          ||| discharged bankrupts who have been
                          ||| discharged more than 4 years and who
                          ||| had no criminal convictions arising
                          ||| out of the bankruptcy
    Ex-Patriates          ||: UK National abroad and Foreign
                          ||| Nationals (with unrestricted stay in 
                          ||| the UK considered - refer to lender)
    DSS Payments          ||: No
    Diplomatic Immunity   ||: No
    Debt History          ||: No
    Guarantors            ||: No
    Max age on application||: Above 65 years refer to Lender
    Interview Required    ||: No
    Multiple Applications ||: Maximum 4 applicants. 2 highest
                          ||| incomes taken into consideration
    Secondary Income      ||: Considered on an individual basis

    INCOME MULTIPLES
    
    Salary Band upto

      "     "     "  50,000 - 3.75  + 1 or 2.75 joint

      "     "     "  75,000 - 3.75 + 1 or 2.8 joint

      "     "  above 75,000 - 4    + 1 or 2.9 joint
 
LIFE COVER REQUIREMENTS
    Endowment|: With Profits & Unit Linked
    Repayment|: Term Assurance recommended
    Int Only |: Term Assurance
    PEP      |: Refer
    Pension  |: Refer

    Most major Life Co's accepted

For Buy to Let mortgages a minimum income of 25k is required
Payslips for the last 3 months are accepted in place of a P60 for BTL's


  

   

    25 charge if lenders Buildings & Contents Insurance is not
    taken. 

    Minimum Valuation of property in present condition is 70,000
    for introduced out of area Applications.

    PURCHASE
    Council RTB House
    Holiday Home UK (Providing existing mortgage is with Society
                    ||and will not be let) mAX 95%
    Property To Let (Owner Use / Investment)
    Self Build

    RTB - 100% DPP 95% OMV. Will consider lending over DPP for 
    Home Improvements 

    TENURE
    Freehold House
    Flying Freehold - Max 10% of Floor area 
    Agriculturally Restricted (Free / Leasehold)
    Leasehold House / Flat
    Minimum lease required on at end of mortgage term is 50 years

    CONSTRUCTION
    Conventional Brick / Tile
    Concrete (Precast / Prefabricated - Refer to lender)
    Timber Framed (Brick Cladding)
    Non Standard Construction - Refer to lender

    PROPERTY
    Flat upto 4th floor (with lift)

    OTHER
    Conversions (Maximum LTV at each stage release is 80% of the 
     value of the incompleted dwelling)
    Ex Council House
    No NHBC or other certificate (props less than 10 years old)
    Part Commercial (Doctors Dentists Shop etc) Treated as semi-
    Commercial
    Single Bedroom
    Studio Apartment (London mainly)
    Thatched Roof

    BTL
    The maximum LTV for new build flats will be increased to 80%.

LOCATION
    England (inc Isle of Wight), Wales.


  

   

~   Purchase Price      Fee
~   (Not Exceeding)  (Inc VAT)
~
    Purchase Price over 500,000 0.07% of valuation plus 60

    Above fees include a non-refundable admin fee

    For details of panel valuers please refer to lender


  

   

    Bridging Finance         ||: No
    Drawdown Facility        ||: No
    Equity Release           ||: No
    Premium Funder           ||: No
    Self Build               ||: Yes - See Below
    Group Build              ||: No
    Shared Ownership         ||: No
    Top Ups                  ||: Yes - Refer to lender
    Further Advances         ||: Yes - See below
    Split Loans (End / Rep)  ||: Yes
    Negative Equity          ||: No
    ERP Refund / Waiver      ||: No
    Legal Fees Package       ||: No
    Secured Loans            ||: Yes - Secured Personal Loan
    Semi / Full Commercial   ||: See COMMERCIAL FINANCE
    Second Charges           ||: No
    Minimum Term             ||: None
    Maximum Term             ||: 40 years 
                             ||| 25 years- Offset mortgages
    Reference Fee            ||: 45.00
    Questionnaire Fee        ||: 60.00 + VAT
    Telegraphic Transfer     ||: 30
    Lenders Tie              ||: Norwich Union


    
    Further Advances
    Customers have the option of taking out a further advance on a 
    selection of our front line products.

    LET & BUY SCHEME
    Where an applicant proceeds on the Let and Buy Scheme, the 
    existing policy is to treat the existing mortgage as a 
    commitment, with the monthly payment re-calculated at 9%. This 
    policy has been reviewed as interest rates have fallen since 
    the scheme was originally launched and, with immediately effect 
    the monthly payment should now be re-calculated at 8% 

    BUILDERS CASHBACK SCHEME
    Applications may be considered on any product.

    DIRECTORS OF LIMITED COMPANIES with a shareholding of 33% or
    more
    No business accounts required
    All schemes available. However if an enhanced income multiple 
    scheme is selected standard income multiples Only will apply 
    Maximum 80% LTV (IG may be added)
    Latest 3 mths personal bank statements
    Accountant reference
    The company must have been in existence for at least 3 full
    trading years
    Refer to lender for capital raising on this product
    Trades excluded : Building Industry, Motor Trade, property 
    developers

    SELF BUILD MORTGAGE SCHEME
    Mortgage advance released to the customer in stages as work
    progress. Maximum LTV for purchase of plot is 85% maximum 
    release of instalment 85% (95% at completion)
    Where the completed property is worth upto 150000 the maximum 
    advance will be 95%. Above that the following 
    scale applies|:
    150001 - 200000  90%
    200001 - 250000  85%
    250001 and over - Negotiable - Max 85%

    CONVERSION MORTGAGE
    The Society will consider buildings which are totally obsolete 
    (like a barn) or not currently used for residential purposes 
    (like a warehouse)
    A structural engineer must report on structural stability and 
    suitability for conversion
    The conversion must be either architect supervised or have an 
    NHBC 6 year warranty
    Full planning permission and buildings regulations approval 
    must be obtained

    Stages of release of funds for conversions :
    85% of the property's value as it stands, subject to the above 
    requirements
    Upto 50% of the retained funds after major structural works
    Upto 75% of the of retained funds
    Upto a maximum of 95% of the completed dwelling

    RAPID-TRACK
    Available to existing Norwich & Peterborough customers moving
    home. The features are:

    Priority mortgage offer service  - the Society guarantees that
    you will receive your mortgage offer within 7 working days 
    (subject to subject standard lending criteria)

    No application or arrangement fees

    One free property valuation saving upto 310 or more according 
    to the price of the property being purchased
 
    PROCURATION FEES
    0.25% of Advance across the board
    Minimum Fee 125  Maximum Fee 1,000 

    10% discount off removal costs when they use Abels 
    International Moving Services to move home

    AGRICULTURAL RESTRICTIONS
    A procuration fee of 125 will be paid on completion for all 
    cases that have an agricultural restriction. An interest rate
    differential of between 1% and 1.5% will continue to apply
     
    SECOND HOME
    Applicants may choose from a range of Tracker, Discount or 
    Fixed rate schemes
    
    Upto 95% of the purchase price or valuation of the second home 
    may be borrowed , but any outstanding mortgage on the main 
    residence must be taken into consideration to ensure customers
    do not over-extend themselves
    
    Applicants may borrow upto 3.25 x main income plus 1 x second
    income or 2.5 x joint

    MINIMUM ADVANCE RESTRICTION 

    A minimum advance of 20,000 will be introduced for main advances 
    on all front line residential mortgage products. Existing products 
    with higher minimums in place will retain these restrictions. 

    A minimum advance of 30,000 will be introduced for main advances 
    on all introducer exclusive mortgage products. Existing exclusives 
    with higher minimums in place will retain these restrictions. 

    Customers wanting a main advance under the respective minimum 
    advance restrictions will be offered the following new product: 
    Standard Variable Rate for term (current payable rate of 6.30%) 
    299 Reservation Fee 
    No redemption charges 
    All other features as standard 

    LTV LIMITS 
    In addition, our Loan to Value (LTV) limits will be revised to use 
    purchase price/valuation as their measure as opposed to advance 
    amount (the current system). The revised maximum LTV limits are 
    as follows:

    Purchase Price/Valuation        Maximum LTV    
    Up to 250,000  95%    
    250,001 - 500,000     90%    
    500,001 - 1,000,000   85%    
    Over 1,000,000 80%    

    APPLICATION CANCELLATION FEE 100 (this will be charged if you 
    cancel your application after we have issued a Mortgage offer to 
    you or if you do not complete your mortgage within the time period
    set out in your Mortgage Offer, non refundable)