M O R T G A G E S E R V I C E S A borrower s guide

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "M O R T G A G E S E R V I C E S A borrower s guide"

Transcription

1 M O R T G A G E S E R V I C E S A borrower s guide

2 For most of us, house purchase is our largest financial transaction and the associated mortgage the biggest financial commitment. Repayment of the mortgage impacts significantly on our monthly budget and has a lasting effect on our financial well-being. With many different product terms, repayment options and special interest rates available, it is important to make the right mortgage choice. Whether you are a first-time buyer or an experienced homebuyer, either moving house or considering a remortgage, National Counties Building Society can help. This leaflet introduces the Society and its mortgage service, explains the different types of mortgage and various technical terms, summarises the key stages of a mortgage application through to completion and describes the administration of the mortgage after release of funds. You are invited to read it and retain it for future reference. why choose National Counties? National Counties has been established for over 100 years. Based in Epsom, Surrey, we provide loans to thousands of borrowers across England and Wales. The efficiency of our operation means we can offer very competitive mortgage terms, backed by a first class, personal service. An internal complaints procedure has been established by the Society to deal with any lapses in service standards, with ultimate recourse for dissatisfied customers to the Financial Ombudsman Service. We endeavour to maintain our mortgage products competitive against those of other lenders. We offer a variety of mortgage products, such as fixed, capped, discounted and tracker rates to different types of borrowers including first time buyers. Full details of any products currently available can be obtained by contacting our Customer Centre or by visiting our website where you are also able to select a mortgage product and then proceed to apply online. Financial Conduct Authority The Financial Conduct Authority (FCA) is responsible for mortgage regulation, the rules of which cover the way mortgages are advertised, sold and administered. We are authorised to arrange regulated loans and our approach is to provide you with information only (advice is not given) on the mortgage products we have on offer so that you are able to choose which one suits you best. purchasing a property We provide loans for residential property purchase, with most types of property acceptable; e.g. flats, maisonettes, bungalows and houses. Contact with us at an early stage is advisable, since not only will you be given guidance as to the loan you can afford, but also it will enable preliminary enquiries to be undertaken to save time later. We will also be able to provide you with an Agreement In Principle (AIP) which can come in useful when dealing with estate agents. This might be the difference between buying and losing the property you have set your heart on.

3 remortgaging We also provide funds, if you already own your own property but would like to transfer your mortgage with another lender to us. This can involve the raising of additional funds, either to improve the property or to raise capital. If you do not have any loans outstanding on the property, you may still remortgage to raise funds for any purpose. how much can I borrow? As a rough guide we will lend up to three and a half times the combined basic income, with allowance being made for overtime and any bonuses. Due to the variety of income multiples we use to calculate a loan we have made available a more detailed income multiple table which can be located on our website along with our basic lending criteria. This table is intended as a guide only. However, we pride ourselves in the personal attention given to each borrower, to ensure that we can assist as much as possible without causing finances to be overstretched. The maximum we will usually lend is 75% of the lower of the purchase price or property value (75% Loan to Value or LTV), as determined by a professional valuer appointed by us. This may vary depending on the product terms selected. Please refer to our product summary for further details. mortgage types The majority of our mortgages are subject to variable interest rates. Our Standard Mortgage has interest re-calculated annually and lump sum (capital) repayments are accepted at any time. Capital repayments reduce the interest charged from the day following receipt and enable borrowers to shorten the term remaining on their loan or alternatively reduce their monthly outgoings. Overpayments up to 500 may be made occasionally or on a regular basis, either to shorten the mortgage term or to allow for reduced monthly payments. Sometimes initial discounts are offered against the Standard Variable Rate (SVR) or Bank of England Bank Rate for a specified period from completion. A discounted rate mortgage assists borrowers by reducing the repayments required for a time, which can be particularly helpful when a mortgage is first completed since there are usually many other items of expenditure at this stage. Fixed rate mortgages have become more popular in recent years as borrowers have sought to fix their repayments for a period, irrespective of general economic changes. A fixed monthly payment helps borrowers with their budgeting and can save money, depending, of course, on changes to interest rates during the period whilst their rates are fixed. This period can vary from 1 year to 25 years, although 3 and 5 years are the most commonly available ones. A capped mortgage is a variation of a variable rate mortgage product, where the rate is guaranteed not to rise above the cap but will reduce if interest rates fall during the cap period. A further refinement of this product is the cap & collar mortgage where in addition to the cap, there is a collar, below which the rate will not be reduced during the product period.

4 repayment methods and the mortgage term There are two basic repayment methods, Repayment (Capital and Interest) and Interest Only. A repayment mortgage is where your monthly payment includes a repayment of capital borrowed and an amount for the interest charged. Provided the correct monthly repayments are made on their due dates, this type of mortgage guarantees to repay the total mortgage debt at the end of the mortgage term. An interest only mortgage means that the monthly payments made to us cover only the interest charged so the amount you owe remains constant and does not reduce. If you have such a mortgage, the onus is on you to arrange how to repay the capital at the end of the mortgage term. Most borrowers with these types of loan take out some kind of long-term savings plan, e.g. an endowment policy, savings account, pension plan or use the disposal of assets, including the property, to repay the loan. Due to the variety of repayment options for interest only loans, it is advisable to seek specialist advice if this method is adopted. Should you fail to properly plan for repayment of the loan, or regularly check the adequacy of the arrangements you have in place, you might be faced with having to sell the property in order to repay the loan at the end of the term. You may select the term of the mortgage to suit your personal circumstances, subject to a minimum of 5 years and a maximum of 40 years (the term should not normally extend beyond your retirement age, where it does, you will need to explain how the Mortgage will continue to be affordable in retirement). If the property is leasehold, at least 70 years must remain unexpired on the lease at the outset of the mortgage. repayments We collect the monthly payments either by direct debit from your bank or by internal transfer from a savings account you may have with the Society. Payments commence one month after completion of the loan. We will deal sympathetically with any borrower who encounters difficulties in maintaining payments and temporary concessions may be allowed and arrangements entered into for the subsequent clearance of arrears, within a reasonable period. However, we must remain mindful of our responsibilities towards our other customers and if you do not maintain the repayments you are required to make we may commence legal action to recover the monies owed to us. This may be ultimately from the proceeds of the sale of the property, having obtained possession of it from you. Obviously this is a final resort and you are encouraged to contact us immediately should you encounter any problems regarding payments. Please remember that in the case of a joint mortgage all borrowers are responsible for maintaining payments, an important issue in the event of a relationship breakdown. We reserve the right to levy administration charges against accounts in arrears as detailed on our current tariff of mortgage charges.

5 home insurance and income protection Home Insurance You will naturally want to make sure that your home is covered in the event of damage due to fire, storm, flood etc. and since the property is our security for the loan, we will want it to be adequately insured. You will be given the opportunity to apply for the buildings insurance cover we are able to offer through a major insurance broker which provides comprehensive cover at competitive premium rates, with a range of discounts and payment choices. If you wish to make your own insurance arrangements instead, that is acceptable subject to certain minimum requirements regarding the risks included and the amount of cover being met. There is an administration charge associated with our initial review of insurance cover that you arrange. Combined cover for the contents of your property can also be arranged through our home insurance supplier. Income Protection A mortgage is one of the largest single transactions you will undertake and it is recommended that protection for you and your dependants is considered. This may take the form of either income protection or life cover. Income protection provides a monthly benefit so that in the event you are unable to work due to accident, sickness or involuntary unemployment you can cover a proportion of your income to help you with your monthly outgoings such as your mortgage repayments. Appropriate life insurance cover can be effected which will protect your dependants and fully repay the mortgage. You will have the opportunity to discuss your income protection and life insurance requirements with our partnership companies. interest charging On our monthly rest products we charge interest on the amount outstanding calculated when the loan is made to the end of the month and thereafter at each month end. Interest is rebated from the day payments are received to the end of the month. On our annual rest products we charge interest on the amount outstanding, calculated when the loan is made and thereafter on each 31 December. You will be asked to pay, with your first monthly instalment, the interest arising from completion up to the month end. This reduces any build-up over the mortgage term of accrued interest, being interest charged on interest unpaid. further advances Subject to satisfactory maintenance of your mortgage and the property value being adequate, additional borrowing may be requested for any purpose. The minimum loan amount we will consider is 2,000 provided this does not take the total outstanding borrowing above our maximum loan to value (LTV) limit of 75% (the LTV may vary depending on the product selected). Examples of improvements are double glazing, an extension and a new kitchen. Capital raising loans may be used for any purchase, from a new car to a holiday, school fees to a wedding.

6 early repayment Early repayment is allowed but if the loan is repaid in full, or in part by a capital repayment (minimum 500) either whilst discounted, capped or fixed rate product terms apply, or within the first three years of a loan completed on specially agreed terms, additional charges may be incurred. Details of any early repayment charges applying to a particular mortgage product will be advised to you when you first apply for the loan. services for existing borrowers Your mortgage account is administered by our Member Accounts department at our Epsom Principal Office and they will deal with any matters that may arise following completion of the loan, e.g. changes to mortgage type, releases of part of the security, addition or release of borrowers, etc. If any changes are made to the account following completion an administration charge may be levied. how to apply for a National Counties mortgage Applying for a mortgage with National Counties Building Society is easy. If you have access to the internet you may visit our website (www.ncbs.co.uk) and apply online. This facility will not only allow you to apply online you can also track the progress of your application. Once registered you can calculate how much you can borrow and receive an instant Agreement in Principle. Alternatively you may telephone our Customer Centre on (or for intermediaries) and discuss the application with a Customer Representative. When you decide which type of mortgage you will be applying for we will provide you with a more specific product guide or summary and an illustration based upon the mortgage you require. These should be read in conjunction with this Guide to fully understand the product terms which you are applying for. Our Customer Representatives will continue to provide you with information and be your contact throughout the process of your application. In order to comply with anti-money laundering legislation we must satisfy ourselves as to your identity and residence at the time of application. To check your identity we will make searches about you at a credit reference agency that will supply us with information, including details from the Electoral Register. If we are unable to verify your identity by this method we will advise you of the additional documentation we require before we can complete your mortgage application. We will also make credit search enquiries via recognised agencies to confirm that you have maintained other financial commitments you have had in the past. For us to process your application we normally require a fee to cover our administration costs and those of the valuer for carrying out the valuation for mortgage purposes. There is a sliding valuation fee scale which is determined by the value of the property. If the application is submitted under one of our special fees assisted remortgage products, the standard processing charge is waived and a reservation fee charged. This is not refunded if the mortgage does not proceed to completion. These products also include help with the cost of standard remortgage legal fees. For all mortgage products there will also be a completion fee which may be added to the mortgage amount subject to the maximum loan to value not being exceeded. In addition to the above, there will be various legal costs associated with house purchase, remortgage and further advance loans, e.g. stamp duty, estate agents fees, etc. You should ask your legal representative for further details. Borrowers must be aged 18 years or over. Loans are subject to valuation and status. Security will be required for the loan. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. Principal Office: Ebbisham House, 30 Church Street, Epsom, Surrey KT17 4NL. Tel: Fax: website: Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Firm Reference No L/073/0314/MKTG

Residential mortgages general information

Residential mortgages general information Residential mortgages general information Residential mortgages general information 2 Contents Who we are and what we do 2 Forms of security 2 Representative Example 2 Indication of possible further costs

More information

Mortgages Guide. From http://limetreefs.co.uk 1

Mortgages Guide. From http://limetreefs.co.uk 1 Mortgages Guide Mortgages revealed... The explanations below are intended to give you an insight into some of the more common terms associated with the mortgage process. Repaying the Mortgage Whichever

More information

Your Mortgage Guide. The Exchange. Property Services Mortgage Services Letting & Management Services Conveyancing Services

Your Mortgage Guide. The Exchange. Property Services Mortgage Services Letting & Management Services Conveyancing Services The Exchange Property Services Mortgage Services Letting & Management Services Conveyancing Services Your Mortgage Guide Contents: Introduction... 3 The Financial Services Authority (FCA)... 3 What is

More information

Choosing your. Mortgage D U S A. and buying your. Home

Choosing your. Mortgage D U S A. and buying your. Home A Mortgage I S A N S Y D I O V U I A D U R A E L Choosing your and buying your Home Welcome to the Vernon Helping customers with their mortgage choices and applications is all part of the service at the

More information

MORTGAGE ADVICE YOU CAN DEPEND ON

MORTGAGE ADVICE YOU CAN DEPEND ON MORTGAGE ADVICE YOU CAN DEPEND ON INTRODUCTION Whether you re buying your first home, remortgaging, or purchasing an investment property, there are lots of processes to go through, issues to tackle and

More information

MORTGAGES4REAL LIMITED

MORTGAGES4REAL LIMITED WELCOME TO MIKE ROGERSON.CO.UK ESTATE AGENTS SURVEYORS LETTINGS MANGEMENT MIKE ROGERSON MORTGAGES4REAL LIMITED We know that taking out a mortgage will probably be the biggest financial commitment you can

More information

Fairness is one of our key values. We have a code of fairness that you will be provided with when you apply for a mortgage with us.

Fairness is one of our key values. We have a code of fairness that you will be provided with when you apply for a mortgage with us. Mortgages Explained This leaflet answers some of the more common questions that you may have about how your mortgage works and the relationship between the Society and its borrowers. Please read it carefully.

More information

Mortgages explained. Call 01635 555777 Visit newbury.co.uk with effect from 1 January 2013. Mortgages. NEWBURY building society

Mortgages explained. Call 01635 555777 Visit newbury.co.uk with effect from 1 January 2013. Mortgages. NEWBURY building society Mortgages explained Mortgages Call 01635 555777 Visit newbury.co.uk with effect from 1 January 2013 NEWBURY building society About this booklet This booklet sets out all the information that you may need

More information

KEY MORTGAGE INFORMATION & EXPLANATIONS

KEY MORTGAGE INFORMATION & EXPLANATIONS KEY MORTGAGE INFORMATION & EXPLANATIONS THE SOCIETY Within this document reference to we us and our refers to the Society, full details of which are: Tipton & Coseley Building Society, 70 Owen Street,

More information

A GUIDE TO OUR OWNER OCCUPIER MORTGAGE CRITERIA

A GUIDE TO OUR OWNER OCCUPIER MORTGAGE CRITERIA A GUIDE TO OUR OWNER OCCUPIER MORTGAGE CRITERIA Issued: 17 May 2016 Contents Introduction. 3 Summary 3 Purpose of borrowing. 3 Status... 4 Foreign nationals.. 4 Impaired credit 4 Income 5 Age 5 Mortgage

More information

Additional borrowing guide 1. Additional borrowing. We re with you every step of the way

Additional borrowing guide 1. Additional borrowing. We re with you every step of the way Additional borrowing guide 1 Additional borrowing We re with you every step of the way Additional borrowing guide 2 What is additional borrowing? Sometimes you may be able to borrow extra money from your

More information

MORTGAGE FACTSHEET -1-

MORTGAGE FACTSHEET -1- MORTGAGE FACTSHEET Choosing and obtaining a mortgage is not a simple task these days - whether you are a first time buyer, moving home, or remortgaging as you reach the end of your current incentive. This

More information

Switching your mortgage deal

Switching your mortgage deal Switching guide 1 Switching your mortgage deal We re with you every step of the way Switching guide 2 Why switch? If you re thinking about switching your mortgage, you might not have to shop around. You

More information

Glossary of Mortgage Terms. Also known as: Mortgage Payment Protection Insurance (MPPI).

Glossary of Mortgage Terms. Also known as: Mortgage Payment Protection Insurance (MPPI). Glossary of Mortgage Terms Italics denote a cross-referenced entry Accident, Sickness and Unemployment Insurance (ASU): In the event of an accident, sickness or involuntary unemployment befalling a borrower,

More information

Mortgage Term Glossary

Mortgage Term Glossary Mortgage Term Glossary Advance - The mortgage Loan. Adverse Credit - This is the term used if the borrower has suffered a poor credit history. This could include previous mortgage or loan arrears, CCJ's

More information

Mortgage advice you can depend on

Mortgage advice you can depend on Our Mortgage advice you can depend on Whether buying your first home, buying to let, or remortgaging, this guide tackles the main considerations. If you want to learn more and receive advice tailored to

More information

your Making the choice clearer SOLD TO LET

your Making the choice clearer SOLD TO LET your SOLD mortgagefor SALE movesold TO LET Making the choice clearer mortgage At Connells, we ll make it easy for you with our comprehensive mortgage service. Help and guidance from the experts Buying

More information

POLICY FOR THE BREATHING SPACE SCHEME

POLICY FOR THE BREATHING SPACE SCHEME POLICY FOR THE BREATHING SPACE SCHEME PREFACE The Council is participating in a regional scheme called Breathing Space. The scheme facilitates the provision of loans in accordance with powers given under

More information

Remortgaging it may be your best decision

Remortgaging it may be your best decision Remortgage Guide Remortgaging it may be your best decision Why do I need to consider a remortgage? For most homeowners, a mortgage is probably your largest financial commitment so it s essential to ensure

More information

Types Of Mortgage. Wealth Management (NW) Ltd

Types Of Mortgage. Wealth Management (NW) Ltd BRAEMAR Wealth Management (NW) Ltd A Guide To Mortgages A mortgage is a sum of money borrowed from a bank or building society in order to purchase a property. The money is then paid back to the Lender

More information

MORE CHOICE MORTGAGE CENTRE MORTGAGE GUIDE

MORE CHOICE MORTGAGE CENTRE MORTGAGE GUIDE MORE CHOICE MORTGAGE CENTRE MORTGAGE GUIDE All you need to know about buying and protecting your home THE FSA More Choice Financial Ltd, The Rufus Centre, Steppingley Road, Flitwick Beds MK45 1AH is authorised

More information

Tariff of Mortgage Charges

Tariff of Mortgage Charges Tariff of Mortgage Charges 0800 298 5714 precisemortgages-customers.co.uk Precise Mortgages is closely involved in the mortgage industry s initiative with the Council of Mortgage Lenders and Which? to

More information

National Counties Building Society. A guide to our Buy to Let Mortgage lending criteria

National Counties Building Society. A guide to our Buy to Let Mortgage lending criteria National Counties Building Society A guide to our Buy to Let Mortgage lending criteria Issued: 01 July 2016 A guide to our Buy to Let Mortgage lending criteria Introduction This document outlines a summary

More information

Mortgage Fact Find. This Fact Find is for use when offering Mortgage Products. It does not cover Regulated Investment Products.

Mortgage Fact Find. This Fact Find is for use when offering Mortgage Products. It does not cover Regulated Investment Products. Adviser / Consultant Name Client Reference of Fact Find Applicant Details Joint Application Title Male Female Male Female Surname First Name(s) Previous Name(s) Nationality of Birth (dd/mm/yyyy) Marital

More information

197 Ecclesall Road, SHEFFIELD S11 8HW METRO FINANCE HELPING YOU GET THE MORTGAGE YOU WANT

197 Ecclesall Road, SHEFFIELD S11 8HW METRO FINANCE HELPING YOU GET THE MORTGAGE YOU WANT www.metrofinance.co.uk Fourth Floor, Wards Exchange, 197 Ecclesall Road, SHEFFIELD S11 8HW METRO FINANCE HELPING YOU GET THE MORTGAGE YOU WANT ON THE FOLLOWING PAGES YOU WILL FIND INFORMATION TO HELP YOU

More information

Buy to Let Residential Properties

Buy to Let Residential Properties Buy to Let Residential Properties AWARDS 2015 Best Regional Building Society AWARD WINNERS for providing consistently competitive mortgages Be more than a number Buy to Let from the Cumberland we are here

More information

Saffron Building Society Mortgages Savings Investments Insurance Loans. Residential mortgage conditions. www.saffronbs.co.

Saffron Building Society Mortgages Savings Investments Insurance Loans. Residential mortgage conditions. www.saffronbs.co. Saffron Building Society Mortgages Savings Investments Insurance Loans Residential mortgage conditions www.saffronbs.co.uk 0800 072 1100 Saffron Building Society Residential Mortgage Conditions (England

More information

Your first home. A guide to buying for the first time

Your first home. A guide to buying for the first time Your first home A guide to buying for the first time 2 Your guide to getting it right You re planning on buying a place of your own at last. It will be your space and no one else s. It s an exciting thought.

More information

The Mortgage Code Second Edition: April 1998; Reprinted April 2001

The Mortgage Code Second Edition: April 1998; Reprinted April 2001 Second Edition: April 1998; Reprinted April 2001 THE MORTGAGE CODE Council of Lenders 3 Savile Row London W1S 3PB Recorded Consumer Information Line Telephone: 020 7440 2255 Fax: 020 7434 3791 Website:

More information

INFORMATION ABOUT YOUR MORTGAGE. Important information for you to keep and refer to

INFORMATION ABOUT YOUR MORTGAGE. Important information for you to keep and refer to INFORMATION ABOUT YOUR MORTGAGE Important information for you to keep and refer to 1 Information about your mortgage This booklet is sent to you with your mortgage offer so you can read it before you enter

More information

Our fees and charges explained

Our fees and charges explained Our fees and charges explained and other important information about how your mortgage works May 2015 What s in this booklet Keeping you informed 3 Application and valuation fees 3 Application fees 4 Valuation

More information

Remortgaging guide 1. Remortgaging guide. We re with you every step of the way

Remortgaging guide 1. Remortgaging guide. We re with you every step of the way Remortgaging guide 1 Remortgaging guide We re with you every step of the way Remortgaging guide 2 With so many different mortgages out there to choose from, deciding which one is best for you can be a

More information

A HELPING HAND WITH OWNING YOUR HOME.

A HELPING HAND WITH OWNING YOUR HOME. 1 OUR GUIDE TO BUYING, REMORTGAGING AND PROTECTING YOUR HOME 1 A HELPING HAND WITH OWNING YOUR HOME. WE UNDERSTAND HOW IMPORTANT IT IS TO HAVE THE RIGHT INFORMATION TO HELP YOU EVERY STEP OF THE WAY WHEN

More information

A guide to mortgages

A guide to mortgages A guide to mortgages Contents An Introduction to mortgages 3 What is a mortgage? 4 Choosing a mortgage - where to start 5 What to consider before getting a mortgage? 6 Mortgage and repayment types 8 Interest

More information

Your Mortgage/Secured Loan with Swift

Your Mortgage/Secured Loan with Swift Customer Booklet Swift Customer Booklet This booklet, together with the information in your Welcome Pack and our Tariff of Charges will tell you about Swift and your mortgage/secured loan. About Swift

More information

Tariff. A tariff of charges for our. Mortgage Services

Tariff. A tariff of charges for our. Mortgage Services Mortgage Services Tariff A tariff of charges for our Mortgage Services Effective 1st February 2015 Mortgage Services Tariff This tariff gives details of the charges payable in connection with mortgage

More information

General Mortgage Conditions

General Mortgage Conditions General Mortgage Conditions 2015 (England and Wales) 0800 298 5714 precisemortgages-customers.co.uk Contents Condition Number Page Number Part 1: Understanding These Conditions 4 1 Definitions 4 Part 2:

More information

Our fees and charges explained

Our fees and charges explained Our fees and charges explained and other important information about how your mortgage works June 2015 What s in this booklet Keeping you informed 3 Application and valuation fees 3 Application fees 3

More information

Residential and Buy to Let Mortgages Supplementary application form

Residential and Buy to Let Mortgages Supplementary application form Residential and Buy to Let Mortgages Supplementary application form Intermediary details Contact name FCA registration number Loan details Date of original purchase (remortgage only) If remortgaging, what

More information

to vote on borrowing Member s resolutions. This is further explained in the Society s Rules (a copy is available on request).

to vote on borrowing Member s resolutions. This is further explained in the Society s Rules (a copy is available on request). Mortgages Explained 2 This brochure answers some of the more common questions that you may have about how your mortgage works and the relationship between the Society and its borrowers. Please read it

More information

Lump Sum Lifetime Mortgage Terms and Conditions. Version 1

Lump Sum Lifetime Mortgage Terms and Conditions. Version 1 Lump Sum Lifetime Mortgage Terms and Conditions Version 1 INTRODUCTION Thank you for choosing Hodge Lifetime. We hope that your lifetime mortgage makes a positive difference during your retirement. This

More information

Tariff of Mortgage Charges

Tariff of Mortgage Charges Tariff of Mortgage Charges Bradford & Bingley and Mortgage Express are closely involved in the mortgage industry s initiative with the Council of Mortgage Lenders and Which? to make our fees and charges

More information

for independent information mortgages made easy

for independent information mortgages made easy for independent information mortgages made easy About us We are an independent watchdog set up by the Government to: regulate firms that provide financial services; and help you make informed decisions

More information

largeequityrelease.com EQUITY RELEASE GUIDE Speak to one of our specialists today on 020 3824 0904

largeequityrelease.com EQUITY RELEASE GUIDE Speak to one of our specialists today on 020 3824 0904 largeequityrelease.com EQUITY RELEASE GUIDE Speak to one of our specialists today on 020 3824 0904 CONTENTS What is equity release?... 3 How much money could I raise through an equity release?... 4 What

More information

Application form Residential Mortgage

Application form Residential Mortgage Application form Residential Mortgage Intermediary details This section requires details of any Broker, Packager, Sub broker, or Network who has an interest in this application. THIS PAGE MUST BE COMPLETED

More information

YOUR MORTGAGE ESSENTIAL GUIDE - Residential Home Mortgages

YOUR MORTGAGE ESSENTIAL GUIDE - Residential Home Mortgages YOUR MORTGAGE ESSENTIAL GUIDE - Residential Home Mortgages Since the financial crisis in 2008 and Euro debt crisis in 2010, western countries financial systems have been damaged seriously. All governments

More information

Truly Bespoke, Truly Independent

Truly Bespoke, Truly Independent Financial Planning Group Truly Bespoke, Truly Independent Cottons Financial Planning Group Ltd is a specialist business; providing financial services and advice to both individuals and companies all over

More information

Welcome to. OneFamily

Welcome to. OneFamily OneFamily Lifetime Mortgages 1 Welcome to OneFamily Welcome to our OneFamily Lifetime Mortgages. This brochure acts as an easyto-digest introduction to lifetime mortgages and provides you with a summary

More information

Our Mortgage Rates and Features Guide for New Purchase Mortgages

Our Mortgage Rates and Features Guide for New Purchase Mortgages Mortgages Our Mortgage Rates and Features Guide for New Purchase Mortgages 21 June 2016 This Mortgage Rates and Features Guide should be used in conjunction with our general Mortgage Guide which will give

More information

Help to Buy Buyers Guide

Help to Buy Buyers Guide Help to Buy Buyers Guide Homes and Communities Agency http://www.homesandcommunities.co.uk/helptobuy Page 1 of 27 Key information Buyers using this scheme must provide security in the form of a second

More information

Equity Release Guide. Helping you make the right decision. nationwide service all lenders available personal visits. www.therightequityrelease.co.

Equity Release Guide. Helping you make the right decision. nationwide service all lenders available personal visits. www.therightequityrelease.co. Equity Release Guide 0800 612 5749 www.therightequityrelease.co.uk Helping you make the right decision nationwide service all lenders available personal visits 1 Welcome to The Right Equity Release Who

More information

Use your home to your advantage. A guide to equity release

Use your home to your advantage. A guide to equity release Use your home to your advantage A guide to equity release 2 A guide to equity release Introducing Retirement Advantage Previously known as MGM Advantage and Stonehaven, we are a wellestablished company

More information

A Guide to Buying Your Own Home

A Guide to Buying Your Own Home SIMPLY MONEY LTD Independent Mortgage Specialists A Guide to Buying Your Own Home Page 1 of 15 Useful Contacts MORTGAGE SPECIALIST ADDRESS LENDER ADDRESS TEL CONTACT NAME TEL CONTACT NAME ESTATE AGENT

More information

A Guide to Mortgages Creating your success through Financial Planning

A Guide to Mortgages Creating your success through Financial Planning & Guidance Contents What is a mortgage? 02 How do I start the process of obtaining a mortgage? 03 Loan to Value (LTV) 06 What is a Financial Broker? 06 Why would I need to use a Financial Broker? 07 Terms

More information

Mortgage Advisers. The Mortgage Guide Helping you find the right mortgage for you

Mortgage Advisers. The Mortgage Guide Helping you find the right mortgage for you Mortgage Advisers The Mortgage Guide Helping you find the right mortgage for you Hello. We re the Which? Mortgage Advisers team. Buying a house is the biggest financial commitment most of us ever make.

More information

Lending Criteria. Standard Residential Read in conjunction with General Criteria

Lending Criteria. Standard Residential Read in conjunction with General Criteria This list is not exhaustive. Please contact us to discuss your requirements Standard Residential Term: Maximum: 35 years or the number of years it will take (the eldest) applicant to reach 70 (whichever

More information

A Professional Approach to Short Term Lending Secured against Land or Property

A Professional Approach to Short Term Lending Secured against Land or Property A Professional Approach to Short Term Lending Secured against Land or Property 2012 Edition A Professional Approach to Short Term Lending Secured against Land or Property Introduction The members of the

More information

Mortgages. Mortgage Guide. Finding the right mortgage for you

Mortgages. Mortgage Guide. Finding the right mortgage for you Mortgages Mortgage Guide Finding the right mortgage for you We are here to help you whether you re thinking of buying your first home, buying an investment property, looking to move or considering remortgaging.

More information

Help to Buy Buyers Guide. Homes and Communities Agency http://www.homesandcommunities.co.uk/helptobuy August 2014

Help to Buy Buyers Guide. Homes and Communities Agency http://www.homesandcommunities.co.uk/helptobuy August 2014 Help to Buy Buyers Guide Homes and Communities Agency http://www.homesandcommunities.co.uk/helptobuy August 2014 What is Help to Buy? Help to Buy is equity loan assistance to home buyers from the Homes

More information

Equity Release Guide. www.seniorissues.co.uk

Equity Release Guide. www.seniorissues.co.uk Equity Release Guide www.seniorissues.co.uk For more information or to speak to one of our trained advisers please telephone our Senior Issues Team on 0845 855 4411 The Caesar & Howie Group 7/3/2008 EQUITY

More information

Moving Home guide. We re with you every step of the way

Moving Home guide. We re with you every step of the way 1 Moving Home guide We re with you every step of the way Moving Home guide 2 Moving home is always exciting whether you re taking your next step on the property ladder or downsizing. With so much to think

More information

BUY TO LET MORTGAGE FEE TARIFF

BUY TO LET MORTGAGE FEE TARIFF Axis Bank UK Limited BTL Mortgage Fee Tariff UK LTD. BUY TO LET MORTGAGE FEE TARIFF Effective from: 31 st March 2015 Issue Date: 31 st March 2015 Overview This document should be reviewed by anyone considering

More information

MORTGAGE LENDING GUIDE. For financial adviser use only

MORTGAGE LENDING GUIDE. For financial adviser use only MORTGAGE LENDING GUIDE For financial adviser use only SCOTTISH WIDOWS BANK CONTACT LIST Telephone Sales Product enquiries, Mortgage Illustrations & DIP 0345 845 0110 SWB.Mortgages@scottishwidows.co.uk

More information

Owner Occupier Mortgage Application

Owner Occupier Mortgage Application Owner Occupier Mortgage Application Mortgage Services OWNER OCCUPIER MORTGAGE APPLICATION COMPLETING THIS FORM 1. Please make sure that you have carefully selected a product to suit your requirements and

More information

Tariff of Mortgage Charges

Tariff of Mortgage Charges Effective 27th January 2016 Monmouthshire Building Society is closely involved in the mortgage industry s initiative with the Council of Mortgage Lenders and Which? to make our fees and charges easy for

More information

RESIDENTIAL MORTGAGE APPLICATION FORM

RESIDENTIAL MORTGAGE APPLICATION FORM RESIDENTIAL MORTGAGE APPLICATION FORM MORTGAGE INTRODUCERS ONLY You must complete this page for all cases to comply with the FCA s mortgage rules. Failure to do so will delay the application. Please complete

More information

Terms of Business. Who we are? Whose policies do we offer? Which service will we provide you with?

Terms of Business. Who we are? Whose policies do we offer? Which service will we provide you with? Terms of Business The Financial Conduct Authority is the independent watchdog that regulates financial services. Contained in this document is information which the Financial Conduct Authority requires

More information

HOME LOAN GENERAL OFFER CONDITIONS (Mortgage Broker Introduction) with effect from 14th March 2016

HOME LOAN GENERAL OFFER CONDITIONS (Mortgage Broker Introduction) with effect from 14th March 2016 These Conditions apply to Your Loan. Other terms and conditions are in the Loan Security. When reading these Conditions You will notice the use of technical and legal words that can be identified by their

More information

The Mortgage Guide. Helping you find the right mortgage for you. Brought to you by. V0050713a

The Mortgage Guide. Helping you find the right mortgage for you. Brought to you by. V0050713a The Mortgage Guide Helping you find the right mortgage for you Brought to you by Hello. Contents We re the Which? Mortgage Advisers team. Buying a house is the biggest financial commitment most of us ever

More information

THE CHURCH OF ENGLAND PENSIONS BOARD

THE CHURCH OF ENGLAND PENSIONS BOARD THE CHURCH OF ENGLAND PENSIONS BOARD Retirement Housing SHARED OWNERSHIP BOOKLET Information Booklet for Scheme Applicants Housing Department The Church of England Pensions Board, 29 Great Smith Street,

More information

Mortgage Lending Criteria

Mortgage Lending Criteria INTERMEDIARY Mortgage Lending Criteria Effective from 18 April 2016 This bulletin is for intermediary use only and strictly not for public distribution Principality is committed to the intermediary market

More information

WHAT IS EQUITY RELEASE? WHY CONSIDER EQUITY RELEASE?

WHAT IS EQUITY RELEASE? WHY CONSIDER EQUITY RELEASE? WHAT IS EQUITY RELEASE? Equity Release can free some of the capital tied up in your home, while you continue to live there. This money can be in the form of a tax-free lump sum, a regular income or a combination

More information

You must complete all questions fully. Use N/A where necessary

You must complete all questions fully. Use N/A where necessary 4 Market Square Stafford ST16 2JH Tel: 01785 223212 Fax: 01785 250709 Email: mutual@srbs.co.uk Buy to Let Mortgage Application Form A supplementary form is required for guarantors and additional applicants

More information

INFORMATION ABOUT YOUR MORTGAGE.

INFORMATION ABOUT YOUR MORTGAGE. IT S EASY TO GET IN TOUCH. (( Come in. e Y e Call: 03457 27 37 47 Y Click: halifax.co.uk If you have a hearing or speech impairment you can contact us using Text Relay or Textphone on 03457 32 34 36 (lines

More information

A Guide to Equity Release in Retirement

A Guide to Equity Release in Retirement A Guide to Equity Release in Retirement 1. Introduction For the retirement you deserve 2. What is Equity Release? 3. Equity Release Plans The options available to you 4. The Application Process 5. Questions

More information

Your name: Name of your business: Your business address:

Your name: Name of your business: Your business address: For mortgage intermediary use only please complete IN FULL Your NBS introducer code: Your name: Name of your business: Commercial mortgage application for a Company Please fill in every answer using block

More information

Responsive residential mortgages

Responsive residential mortgages Your guide to residential mortgages, micro mortgages and shared ownership Responsive residential mortgages Core Products & Criteria Interest Only or Capital & Repayment mortgages; 100% Shared Ownership

More information

HANLEY. Mortgage Application Form. 1 Supporting Documentation Checklist PRODUCT APPLIED FOR. INCENTIVES Tel No. MORTGAGE ACCOUNT No.

HANLEY. Mortgage Application Form. 1 Supporting Documentation Checklist PRODUCT APPLIED FOR. INCENTIVES Tel No. MORTGAGE ACCOUNT No. T H E HANLEY E C O N O M I C Building Society www.thehanley.co.uk Granville House Festival Park, Hanley Stoke-on-Trent ST1 5TB Tel: 01782 255150 Fax: 01782 255118 Email: riskmanagementteam@thehanley.co.uk

More information

Award winning. One of the UK s leading mortgage brokers. MAB is the UK s largest independent high street mortgage broker

Award winning. One of the UK s leading mortgage brokers. MAB is the UK s largest independent high street mortgage broker Award winning One of the UK s leading mortgage brokers MAB is the UK s largest independent high street mortgage broker We operate out of over 700 offices across the UK We pride ourselves on the quality

More information

Tariff of Mortgage Charges

Tariff of Mortgage Charges Tariff of Mortgage Charges Tariff of Charges for Mortgages 1st January 2015 Hinckley & Rugby Building Society charges mortgage applicants and borrowers for a variety of services and facilities relating

More information

Tariff of Mortgage Charges

Tariff of Mortgage Charges Tariff of Mortgage Charges (Known at Chelsea Building Society as Loans Administration Fee Tariff) At Chelsea Building Society we are working closely with the mortgage industry s initiative with the Council

More information

Buying A HomE THrougH shared ownership WiTH HAsToE

Buying A HomE THrougH shared ownership WiTH HAsToE Buying A HomE THrougH shared ownership WiTH HAsToE 1 The shared ownership scheme if you want to buy a home of your own but don t quite have enough money to do so, shared ownership could be the answer.

More information

Shared Home Investment Plan Limited. because life is worth living

Shared Home Investment Plan Limited. because life is worth living Shared Home Investment Plan Limited because life is worth living About S.H.I.P.? Shared Home Investment Plan Limited (S.H.I.P.) is an Irish company specialising in home equity release plans for the over

More information

Your mortgage with us. Helping you feel at home

Your mortgage with us. Helping you feel at home Your mortgage with us Helping you feel at home Your mortgage now and in the future Your mortgage shouldn t be complicated you apply for a loan and we lend what we think you can afford. Simple. It s a valuable

More information

Your guide to Shared Ownership

Your guide to Shared Ownership Your guide to Shared Ownership 2 If you need this document in another format please contact us. Your Guide to Shared Ownership Delivering Affordable Housing This guide gives you information about buying

More information

First Time Buyer Mortgage Information

First Time Buyer Mortgage Information First Time Buyer Mortgage Information If you re thinking about a Mortgage for your first home talk to us today A good time to talk to us? We re here to listen and help you whenever you need to talk to

More information

Applying for your mortgage. COMMERCIAL PROPERTY FINANCE. PUBLIC PRIVATE FINANCE. dm=cfk^k`b

Applying for your mortgage. COMMERCIAL PROPERTY FINANCE. PUBLIC PRIVATE FINANCE. dm=cfk^k`b Applying for your mortgage COMMERCIAL PROPERTY FINANCE. PUBLIC PRIVATE FINANCE. dm=cfk^k`b When you need finance to extend, refurbish, buy or purchase a share of practice premises, you want a lender who

More information

Guide to mortgages. March 2016

Guide to mortgages. March 2016 Guide to mortgages March 2016 Guide to mortgages Most of us would like to own a property which usually means having to take out a mortgage. Choosing the right mortgage can be confusing because there are

More information

Remortgaging and further advances

Remortgaging and further advances Remortgaging and further advances Changing your original mortgage or borrowing more money on a mortgage Information for leaseholders What is remortgaging? Remortgaging is when you pay off the original

More information

Roll-up Lifetime Mortgage Lump Sum Plus Lifetime Mortgage

Roll-up Lifetime Mortgage Lump Sum Plus Lifetime Mortgage Lifetime Mortgages Roll-up Lifetime Mortgage Lump Sum Plus Lifetime Mortgage Using the value in your home for a better retirement Just Retirement s Lifetime Mortgages Who are we? Just Retirement Limited

More information

Mortgage Conditions and Explanations

Mortgage Conditions and Explanations Mortgage Conditions and Explanations 1 Mortgage Conditions and Explanations Bath Building Society ( the Society ) The paragraphs headed Introduction and Membership Rights below are included purely for

More information

CAVENDISH EQUITY RELEASE. The Essential Guide. Equity Release TRUSTED & IMPARTIAL ADVICE SINCE 1985

CAVENDISH EQUITY RELEASE. The Essential Guide. Equity Release TRUSTED & IMPARTIAL ADVICE SINCE 1985 CAVENDISH Equity Release TRUSTED & IMPARTIAL ADVICE SINCE 1985 EQUITY RELEASE The Essential Guide INDEX Welcome to Cavendish Equity Release 3 How can Equity Release be used? 4 Why is specialist advice

More information

Commercial Property Buying Property in Your Pension Fund

Commercial Property Buying Property in Your Pension Fund 1 The aim of these notes is to assist in purchasing, letting or selling properties, to ensure the transaction is handled correctly and any pitfalls are avoided. Please read these notes, ensure you understand

More information

Filling in the Form of Authority. Please ensure you have the lenders name in order to pursue the claim.

Filling in the Form of Authority. Please ensure you have the lenders name in order to pursue the claim. Filling in the Form of Authority Please ensure you have the lenders name in order to pursue the claim. 1. Print a claim form for each lender and type of finance. 2. Do not use one claim form for multiple

More information

Tariff of mortgage fees

Tariff of mortgage fees Tariff of mortgage fees Effective 1st April 2014 2 Bath Building Society is giving you this information so that you will understand the fees that might be charged whilst you are a customer of the Society.

More information

Lending Criteria. Standard Residential Read in conjunction with General Criteria

Lending Criteria. Standard Residential Read in conjunction with General Criteria This list is not exhaustive. Please contact us to discuss your requirements Standard Residential Term: Maximum: 35 years or the number of years it will take (the eldest) applicant to reach 70 (whichever

More information

GUIDE TO OUR MORTGAGE & PROTECTION SERVICES Providing an affordable, sustainable and understandable solution that meets your needs and circumstances.

GUIDE TO OUR MORTGAGE & PROTECTION SERVICES Providing an affordable, sustainable and understandable solution that meets your needs and circumstances. 1 GUIDE TO OUR MORTGAGE & PROTECTION SERVICES Providing an affordable, sustainable and understandable solution that meets your needs and circumstances. 2 GUIDE TO OUR MORTGAGE AND PROTECTION SERVICES Contents

More information

Terms of Business. Who we are? Whose policies do we offer? Which service will we provide you with?

Terms of Business. Who we are? Whose policies do we offer? Which service will we provide you with? Terms of Business The Financial Conduct Authority is the independent watchdog that regulates financial services. Contained in this document is information which the Financial Conduct Authority requires

More information

Financing your Home Purchase

Financing your Home Purchase Financing your Home Purchase page 1 Disclaimer This booklet is for information purposes only, and must not be relied on as a substitute for legal advice. page 2 Contents How Much Can You Afford? 1 Other

More information

STANDARD CONDITIONS FOR INDIVIDUAL VOLUNTARY ARRANGEMENTS

STANDARD CONDITIONS FOR INDIVIDUAL VOLUNTARY ARRANGEMENTS Protocol Annex 4 STANDARD CONDITIONS FOR INDIVIDUAL VOLUNTARY ARRANGEMENTS Produced by the IVA FORUM Revised November 2013 For use in Proposals issued on or after 1 January 2014 TABLE OF CONTENTS FOR STANDARD

More information