Mortgage Application

Transcription

1 Mortgage Application there s no place like 43 Church Street, Reigate, Surrey RH2 0AE mortgages@theholmesdale.co.uk

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3 Helping You to Choose a Mortgage OUR MORTGAGE SERVICE Choosing a mortgage may be your most important financial commitment. The Society will provide the following service: 1. having assessed your needs, we will recommend a suitable mortgage product for you; or 2. in very limited circumstances, we will not recommend a particular mortgage for you. However, based on your answers to some questions, we will give you information about our products so that you can make your own choice. Before you take out your mortgage, we will confirm, in writing, the level of service given, except if your application is received via an intermediary, it is they who will assist you. The Society will only accept introduced business from mortgage intermediaries who are regulated by the Financial Conduct Authority. If you have dealt with the Society through an intermediary we will tell you whether we have paid an introduction fee and how much it is. Mortgage Product Recommended (subject to the Society s lending criteria being met) Product Interest Rate Term of Product in Years Valuation/Administration Fees Purchase Price Purchase Price Valuation Fee Up to Up to Valuation Fee 100, , , , , , , , , , , , , , , , , ,000, , Over 1 million Refer to lender The fees include a 10 administration charge in respect of the valuer s instructions and a 20 fee for general administration (non-refundable). For every additional and final inspection by the valuer, the fee is Agreed fees must be forwarded with the application. If either a House Buyer s Report & Valuation, or a Full Structural Survey is required, then the cost will be provided on request, but applicants are recommended to discuss their choice of valuer/surveyor with the Society prior to instruction. Any report obtained without prior reference may not be acceptable to the Society and, consequently, may increase your costs. All cheques to be credited to a Holmesdale account must state the payee details in the following format: Holmesdale Building Society followed by your name(s), (e.g. Holmesdale Building Society Mr J Bloggs). The Annual Percentage Rate of Charge (APRC) for each mortgage will vary depending on the mortgage product chosen. Please refer to your Key Facts Illustration(s) (KFI). 1

4 IDENTIFICATION REQUIREMENTS IMPORTANT The Society will seek information from one or more credit reference agency as detailed in the section headed Data Protection on page 6 of this application form. The results of this electronic check will determine the paper identification requirements which follow. In order for the Society to process your application we will need to validate each applicant s identity and address. Two items are required, one from each column in the Preferred Identification List below. If you are a non EEA national you must provide a copy of your passport with a valid visa that gives indefinite leave to live and work in the UK. For branch applications please provide the original documents. For postal applications please provide certified copies. Copies can be certified by any of the following professions: regulated financial advisers or mortgage brokers; solicitors; accountants; bankers; civil servants; teachers; and ministers of religion. The certifier must not be a relative of the applicant and must also print: their name; job title; contact telephone number; employer s name or company stamp; and the date of the signatures. Each document should be certified independently using the following words: I confirm that I have seen the original document and, where appropriate, and the photograph bears a good likeness of the applicant. If you do not have any of the items in the list below, please contact the Society and we will try to agree alternative forms of identification. Preferred Identification List Proof of ID documents Valid full UK passport Valid photocard driving licence Valid EU National Identity Card Proof of residence documents Valid photocard driving licence* Utility Bill (less than 3 months old) Council Tax bill (less than 12 months old) HMRC Tax Demand/PAYE code letter (less than 12 month old) Bank/building society statement (less than 3 months old)** * If a driving licence is being used for proof of residence, a different item is required for proof of ID. ** If you do not have posted statements please contact the Society for what we can accept. 2

5 Security GENERAL INFORMATION ABOUT HOLMESDALE MORTGAGES When the Society grants a mortgage, the borrower will be required to provide a suitable property on which the Society will take a charge. A valuation will be required by an independent valuer; a scale of fees accompanies this guide. How Much Can You Borrow? On the assumption that the property is being purchased as a private dwelling for owner occupation, the basic advance is normally 75% of valuation. Purchasers who have been unable to save the whole difference between the basic advance and the purchase price may obtain higher advances provided additional security is available and they have adequate income. This usually takes one of the following forms: 1. a mortgage on other property (not necessarily owned by the purchaser - e.g. a relative); 2. an endowment policy having sufficient surrender value; 3. cash deposited with the Society by a third party (e.g. a relative). If the amount you are borrowing is more than the maximum loan the Society would normally make on the property (i.e. 75% of the property s valuation or purchase price, whichever is the lower), the Society will take additional security. This in no way affects your liability and promise to repay all monies owed to the Society in full, notwithstanding any claim that might be made by the Society in the event that the property is taken into possession and sold by the Society for less than the amount you owe. Borrowing Capacity The maximum amount that can be borrowed on mortgage will be subject to affordability assessed on your monthly net income and expenditure. The basic maximum mortgage advance is normally* 75% Loan to Value (LTV). For loans over 75% LTV up to a maximum of 90% LTV: additional security will be required*; refer to our Mortgage Department for detail. *except First Time Buyer special terms (i.e. max 90% Loan to Value). Types of Mortgage and How Payments Are Made There are two types of mortgage Repayment or Interest Only. With a Repayment mortgage, instalments are calculated to cover the interest due, plus a reduction in the capital sum advanced. You agree to repay the loan over a specified number of years. In the earlier years of the mortgage, each monthly instalment consists mainly of interest, but in time the proportion of interest in the instalment reduces too, thereby increasing the capital element in each repayment and consequently repaying the capital debt by the end of the term assuming all expected payments are made on time. In the case of an Interest Only mortgage, the Society accepts a payment representing interest; the capital element is repaid by some other means e.g.: an endowment policy which is acceptable to the Society is arranged on the life of the borrower for a sum not less than the amount of the mortgage and the monthly instalments payable to the Society cover only the interest due. In addition monthly premiums on the life policy are paid to the assurance company. The capital sum is repaid at the end of the mortgage term (or previous death of the borrower) from the proceeds of the endowment policy. Other means of repaying the capital may be from the tax-free cash sum from a pension policy, personal equity plan/isa, disposal of other assets. Any premiums associated with any of the aforementioned (to include life cover or not) are in addition to your interest payments to the Society. INTEREST RATE VARIATION The Society reserves the right to vary the quoted interest rate by giving notice in accordance with the mortgage conditions. ANNUAL PERCENTAGE RATE OF CHARGE (APRC) The APR is variable. INTEREST CALCULATION The Society charges interest from the day money is released for the mortgage completion. Thereafter interest is charged on an annual rest as at the 1 st April on the capital balance then outstanding. In respect of additional loans, interest is adjusted from the day of the transaction. Interest on capital repayments is adjusted from the day after receipt subject to any redemption interest that may apply. 3

6 BUILDING INSURANCE Will be in accordance with the Society s Residential Mortgage Conditions 2014 Clause 10. It is a requirement of this mortgage that you obtain and maintain current buildings insurance for the mortgage security throughout the mortgage term. RIGHT TO REDEEM The borrower(s) may exercise this without prior notice in accordance with the Society s Residential Mortgage Conditions 2014 clause 15 and the following item headed Early Repayment Charge. EARLY REPAYMENT CHARGE (Mortgage Condition 15). The Society reserves the right to charge up to 3 months interest on either full or partial redemptions within the first 5 years. This is reduced by one fifth for each complete year that the mortgage has been in force. Further, the value of any discounted rate concession or benefit in lieu of the concession will be recovered. Any variation to these conditions will be clearly stated in your Mortgage Offer. RIGHT OF SALE (Possession). The Society s power arises from the Residential Mortgage Conditions 2014 clauses 13 and 14 and, should this action be taken, the Society will close the account but without prejudice to any liability under the borrower s Personal Covenant. PERSONAL COVENANT The borrower is personally liable for all sums due to the Society whether or not any security held by the Society is sufficient to meet that liability. CASES OF HARDSHIP The Society will, wherever possible, give sympathetic consideration in cases of hardship and would encourage borrowers who find themselves in financial difficulty to contact the Society immediately. If you are in difficulties, you can also get help and advice from debt counselling organisations. At your request and with your consent, we will liaise, where possible, with debt counselling organisations that we recognise, for example: Citizens Advice Bureau ; or money advice centres; or the Consumer Credit Counselling Service. GUARANTEES AND THIRD PARTY SECURITY Any person willing to act as Guarantor must be aware that they are equally as liable for the debt as the borrower which will encompass the advance plus interest and costs, including those associated with enforcement of the Society s security. Guarantors will be required to obtain Independent Legal Advice before entering into the undertaking to act as a Guarantor and we request written evidence that this has been done. CONFIDENTIALITY We will treat all your personal information as private and confidential (even when you are no longer a member). Nothing about your accounts, nor your name and address, will be disclosed to anyone, including other companies in our group, other than in four exceptional cases permitted by law. These are: Where we are legally compelled to do so; Where there is a duty to the public to disclose; Where our interests require disclosure; this will not be used as a reason for disclosing information about you or your accounts (including your name and address) to anyone else including other companies in our group for marketing purposes. Where disclosure is made at your request or with your consent. If we intend to take possession of your property, we will tell you that this information may be disclosed to credit reference agencies and that your name may be passed to other lenders by being placed on the CML Possession Register. COMPLAINTS PROCEDURE The Society operates a procedure for handling complaints fairly and speedily and we will tell you what these are. These will include establishing a set time for an initial acknowledgement to your complaint. We will tell you how long it might take us to respond more fully. If you are not satisfied with the Society s response following the completion of the Complaints Procedure you may refer your complaint to The Financial Ombudsman Service Scheme for independent arbitration. Complaints should be addressed to Financial Ombudsman Service, Exchange Tower, London, E14 9SR; phone (UK): or ; phone (from abroad): ; complaint.info@financial-ombudsman.org.uk; web site: 4

7 CHARGES These may be made in connection with the operation of your mortgage account, some examples are as follows: (i) (ii) (iii) (iv) (v) changing the method of repayment; administration fee on redemption of the mortgage; other charges associated with the granting of further advances, re-advances or similar and the enforcement of the Society s security; the Society s legal fees whether or not the advance is completed; Assignment or Re-Assignment of policies. Details of current charges will be enclosed with your Mortgage Offer or are available on request. DATA PROTECTION ACT 1998 Any personal information which you or others provide to the Society may be held on computer and in other manual and electronic forms and may be retained for a set period, as defined in the Holmesdale Building Society Document Retention policy which may be subject to change. In considering your application we will search your record at a Credit Reference Agency. They will add to your record details of our search and your application and this will be seen by other organisations that make searches. (We do not use a credit scoring or other automated decision making system when assessing your application). Your record will be shared with other organisations and used by them to: help make decisions about credit for you and members of your household; trace debtors, recover debt, prevent money laundering and fraud. The Credit Reference Agency will also use your record for statistical analysis about credit. PLEASE TELEPHONE US IF YOU WANT TO HAVE DETAILS OF THE CREDIT REFERENCE AGENCY FROM WHOM WE OBTAIN, AND TO WHOM WE PASS, INFORMATON ABOUT YOU. YOU HAVE A LEGAL RIGHT TO THESE DETAILS. The Society will wish to keep you informed of other services or products which may be of interest to you. You agree that we may use information provided for marketing and general business purposes and to keep you advised (by post, telephone, fax or ) of financial and other products and services offered by the Society, its subsidiaries and selected third parties which may be of interest to you. The Society may release your name and address to its subsidiaries for this purpose but will not release this information to any third parties. You will be given the opportunity to opt out of receiving such information by ticking the box in the Data Protection Section on the Application Declaration & Authorisation (page 24). YOU HAVE A RIGHT TO RECEIVE A COPY OF THE INFORMATION WE HOLD ABOUT YOU IF YOU APPLY TO US IN WRITING. A FEE WILL BE PAYABLE. TERMS AND CONDITIONS Terms and Conditions for the operation of your mortgage are set out in the Society s Rules 2014, Residential Mortgage Conditions 2014 and in the documentation supplied with your Mortgage Offer. If you are uncertain of any aspect of the terms and conditions please contact us immediately and we will explain the matter to your satisfaction. If the basic terms and conditions affecting your mortgage are ever changed you will be provided in writing with a clear summary of those changes at least thirty days before any changes are applied which are less favourable to you. This document is only intended as a guide, for more detailed information about the terms and conditions of our mortgage business please contact the Society. You are strongly recommended to refer to the Society s Rules 2014 and Residential Mortgage Conditions YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. All loans subject to status. Written quotations available on request. 5

8 NOTES FOR COMPLETING THE MORTGAGE APPLICATION FORM Please use BLOCK CAPITALS. Delete as appropriate throughout where marked with an asterisk ( * ). All questions must be answered; any that do not apply state N/A in the space provided. Applicants are recommended to complete their own application forms as this reduces the likelihood of errors which can delay the processing of the application. Correctly completed forms will help ensure that we process your mortgage application efficiently, as incorrect or incomplete application forms may have to be returned. Only the first named applicant will be eligible for member s voting rights. Please read the completed form(s) carefully and ensure all information is correct and all forms are signed before submitting them to the Society. If the forms are to be completed by a third party DO NOT SIGN them until they have been fully completed and you have checked the details. All applicants must sign. Existing Account Holder? *Yes/ No Applicant 1: Personal Details If Yes account number(s) Title Forenames in full Surname Permanent Address Post Code How long have you lived at your current address?... years... months If less than 3 years, please give previous address(es) and dates of residency to cover last 3 years (use and attach a separate sheet of paper should further space be required). Previous Address (in full) Daytime Phone No. Home Phone No. From (MM/YY) To (MM/YY) Mobile Phone No. Contact Address Date of Birth Country of Birth Nationality Place of Birth National Insurance No. Status *Single / Co-habiting / Married / Separated / Divorced / Widowed Planned Retirement Age Number of Dependent Children Ages Number & Relationship of any other Dependents Mother s Maiden Name 6

9 Existing Account Holder? *Yes/ No Applicant 2: Personal Details If Yes account number(s) Title Forenames in full Surname Permanent Address Post Code How long have you lived at your current address?... years... months If less than 3 years, please give previous address(es) and dates of residency to cover last 3 years (use and attach a separate sheet of paper should further space be required). Previous Address (in full) Daytime Phone No. Home Phone No. From (MM/YY) To (MM/YY) Mobile Phone No. Contact Address Date of Birth Country of Birth Nationality Place of Birth National Insurance No. Status *Single / Co-habiting / Married / Separated / Divorced / Widowed Planned Retirement Age Number of Dependent Children Ages Number & Relationship of any other Dependents Mother s Maiden Name Where the mortgage is in joint names, we believe that it is for the benefit of all borrowers. If not, you MUST provide details in this section: Bankruptcy or Court Orders (all applicants) These questions relate to each applicant named above: Have any of the applicants ever been bankrupt, or had a Court Order for debt registered against them? Applicant 1: Applicant 2: If Yes, provide full details below and/or continue on reverse of this page if necessary. Have you ever failed to keep up your repayments or had any defaults? Applicant 1: Applicant 2: If Yes, provide full details below and/or continue on reverse of this page if necessary. 7

10 Applicant 1: Details of Employment Present Employer (name and address) Date Employment Commenced Full/Part Time Employment Basis *Permanent/Probationary/Contract Date Probation/Contract ends Position Held IMPORTANT: If any income is earned in any currency other than Pound Sterling please state Gross Basic Salary Paid per *week / month / annum Guaranteed Overtime Paid per *week / month / annum Regular Overtime Paid per *week / month / annum Average Commission Paid per *week / month / annum Average Bonus Paid per *week / month / annum Other Allowances (please specify) Paid per *week / month / annum Total Income Paid per *week / month / annum Is your salary on a progressive scale (tick one)? Name, title & address of person to whom the Society may apply for confirmation of these details Referee s Telephone Number If you have been in your current employment/business for less than 3 years, please give previous employment details for period below: Position Held Salary Prev Emp 1 From (MM/YY) Name, title & address of person to whom the Society may approach for reference purposes Referee s Telephone Number To (MM/YY) Prev Emp 2 Position Held From (MM/YY) Name, title & address of person to whom the Society may approach for reference purposes Referee s Telephone Number Salary To (MM/YY) Applicant 1: Details of Self-Employment Certified accounts for the last three years are required Nature of Business Address How long established? years How long under your control? years Annual Profit and other remuneration (as shown in latest certified accounts) Before Tax: After Tax: Name and address of accountant Applicant 1: Details of Additional Income Source(s) Amount Paid per *week / month / annum 8

11 Present Employer (name and address) Date Employment Commenced Applicant 2: Details of Employment Full/Part Time Employment Basis *Permanent/Probationary/Contract Date Probation/Contract ends Position Held IMPORTANT: If any income is earned in any currency other than Pound Sterling please state Gross Basic Salary Paid per *week / month / annum Guaranteed Overtime Paid per *week / month / annum Regular Overtime Paid per *week / month / annum Average Commission Paid per *week / month / annum Average Bonus Paid per *week / month / annum Other Allowances (please specify) Paid per *week / month / annum Total Income Paid per *week / month / annum Is your salary on a progressive scale (tick one)? Name, title & address of person to whom the Society may apply for confirmation of these details Referee s Telephone Number If you have been in your current employment/business for less than 3 years, please give previous employment details for period below: Position Held Salary Prev Emp 1 Prev Emp 2 From (MM/YY) Name, title & address of person to whom the Society may approach for reference purposes Referee s Telephone Number Position Held From (MM/YY) Name, title & address of person to whom the Society may approach for reference purposes Referee s Telephone Number To (MM/YY) Salary To (MM/YY) Applicant 2: Details of Self-Employment Certified accounts for the last three years are required Nature of Business Address How long established? years How long under your control? years Annual Profit and other remuneration (as shown in latest certified accounts) Before Tax: After Tax: Name and address of accountant Applicant 2: Details of Additional Income Source(s) Amount Paid per *week / month / annum 9

12 Estimate of New Monthly Commitments for This New Mortgage Income/Expense Net Monthly Income from Payslips and/or Additional Income A: Applicant 1 Applicant 2 Less the following equivalent monthly payments for all regular expenditure (split joint expenses between applicants; divide annual payments by 12 and quarterly payments by 3 to reach the monthly figure): Buildings Insurance Contents Insurance Endowment Policy(ies) Term Assurance and Life Policy(ies) Personal Pension ISA and Regular Savings Electricity Gas Telephone (including Mobile) TV/Satellite/Cable Council Tax Water Rates Ground Rent/Service Charge Food/Toiletries/Household Goods Car Petrol/Road Tax/Insurance Other Travel Expenses (commuting/train etc) Clothing Other Outgoings Entertainment/Leisure Maintenance/Child Support Childcare (Child-minding etc) Expenditure Total B: Excess Income (deduct B from A for each applicant) C: Please list details of loans (including other mortgages) and credit/store cards below; if you require more space, supply information on a separate sheet Mortgage/Loan Company Loan Purpose Applicant 1, 2 or both? Remaining Term... years... months Is it to be repaid before completion of mortgage? Amount Outstanding Monthly Repayment Mortgage/Loan Company Loan Purpose Applicant 1, 2 or both? Remaining Term... years... months Is it to be repaid before completion of mortgage? Amount Outstanding Monthly Repayment 10

13 Estimate of New Monthly Commitments for This New Mortgage (continued) Mortgage/Loan Company Loan Purpose Applicant 1, 2 or both? Remaining Term... years... months Is it to be repaid before completion of mortgage? Amount Outstanding Credit/Store Card Company Applicant 1, 2 or both? Is it to be repaid before completion of mortgage? Monthly Repayment Amount Outstanding Credit/Store Card Company Minimum Monthly Repayment Expected Applicant 1, 2 or both? Is it to be repaid before completion of mortgage? Amount Outstanding Credit/Store Card Company Minimum Monthly Repayment Expected Applicant 1, 2 or both? Is it to be repaid before completion of mortgage? Amount Outstanding Credit/Store Card Company Minimum Monthly Repayment Expected Applicant 1, 2 or both? Is it to be repaid before completion of mortgage? Amount Outstanding Credit/Store Card Company Minimum Monthly Repayment Expected Applicant 1, 2 or both? Is it to be repaid before completion of mortgage? Amount Outstanding Credit/Store Card Company Minimum Monthly Repayment Expected Applicant 1, 2 or both? Is it to be repaid before completion of mortgage? Amount Outstanding Minimum Monthly Repayment Expected 11

14 Mortgage Details Amount of Loan Required Amount of Fees to be Added to the Loan Total Loan Required including Fees Period of Loan (Years): Please state (below) the purpose of the loan, if not for property purchase: Method of Repayment (tick one): Repayment Interest Only Part Repayment/Part Interest Only If Part Repayment/Part Interest Only, please indicate (below) the proportions: Amount Part Repayment: Amount Part Interest Only: If Interest Only or Part Repayment/Part Interest Only, please indicate (below) how you intend to repay the mortgage capital (e.g. Endowment/ISA/Property Sale etc); please provide documentary evidence with this application. Repayment Vehicle Projected Value Current Value Expiry/Maturity Date Endowment Plan ISA Investment Portfolio Pension Lump Sum Capital Repayment from Own Funds Sale of second property(ies) Other 12

15 Name of Policy Holder Company Existing Life, Critical Illness and Sickness Policies 1 Policy Number Type of Policy Start Date Term Benefits Cost Name of Policy Holder Company 2 Policy Number Type of Policy Start Date Term Benefits Cost Name of Policy Holder Company 3 Policy Number Type of Policy Start Date Term Benefits Cost Name of Policy Holder Company 4 Policy Number Type of Policy Start Date Term Benefits Cost Name of Policy Holder Company 5 Policy Number Type of Policy Start Date Term Benefits Cost Name of Policy Holder Company 6 Policy Number Type of Policy Start Date Term Benefits Cost Name of Policy Holder Company 7 Policy Number Type of Policy Start Date Term Benefits Cost 13

16 *Applicant 1/Joint: Details of Your Present Accommodation (To cover at least the last three years) *My/Our present residential property is (please tick the appropriate box): Mortgaged, rented, owned by someone else (I am/we are living with friends/relatives), or owned outright by me/us. If mortgaged, name and address of current lender Account Number Monthly Payment Balance Outstanding To be repaid on completion of mortgage applied for? If rented, name and address of current landlord Rental Paid per *week / month / annum If you do not currently own your own home, have you ever: (a) had a mortgage, or (b) rented accommodation? If the answer to either (a) or (b) above was Yes, please provide full details below (continue on additional sheet if necessary): Full address of previously mortgaged or rented accommodation From (MM/YY) To (MM/YY) If mortgaged, name and address of previous lender Account Number Original Amount Borrowed Date mortgage redeemed (MM/YY) If rented, name and address of previous landlord Rental Paid per *week / month / annum Do you own any other property? Is it mortgaged on a Buy to Let basis? Applicant 1: Additional Property Please provide details here (NB, we may contact you for more information): 14

17 Applicant 2 [if different from 1]: Details of Your Present Accommodation (To cover at least the last three years) My present residential property is (please tick the appropriate box): Mortgaged, rented, owned by someone else (we are living with friends/relatives), or owned outright by me/us. If mortgaged, name and address of current lender Account Number Monthly Payment Balance Outstanding To be repaid on completion of mortgage applied for? If rented, name and address of current landlord Rental Paid per *week / month / annum If you do not currently own your own home, have you ever: (a) had a mortgage, or (b) rented accommodation? If the answer to either (a) or (b) above was Yes, please provide full details below (continue on additional sheet if necessary): Full address of previously mortgaged or rented accommodation From (MM/YY) To (MM/YY) If mortgaged, name and address of previous lender Account Number Original Amount Borrowed Date mortgage redeemed (MM/YY) If rented, name and address of previous landlord Rental Paid per *week / month / annum Do you own any other property? Is it mortgaged on a Buy to Let basis? Applicant 2: Additional Property Please provide details here (NB, we may contact you for more information): 15

18 Property Details (IMPORTANT: inaccuracies in this section may cause delay in processing this application) Is this property transaction to: raise funds to purchase a property, re-mortgage a property I/we already own, or raise funds on a property I/we own outright. Full Address of property to be mortgaged Post Code Have you previously applied for a mortgage on this property? Applicant 1 Applicant 2 If Yes to whom? Please also state reason for refusal. Applicant 1 Applicant 2 Have you ever been refused a mortgage? Applicant 1 Applicant 2 If Yes please give details. Applicant 1 Applicant 2 Property Purchase Purchase Price Amount you are providing towards the purchase price and associated costs from your own resources Do you intend to apply for an Improvement Grant? Are you applying elsewhere for financial assistance towards the purchase price and associated costs? Are you receiving any funds towards your purchase deposit from any third party? If you replied Yes above, please give details including amount(s) below: Date of original purchase, or start date of last re-mortgage Re-mortgage Estimated Value of Property Further Advance/s (continue on separate sheet if necessary): Amount Date Amount Date Amount Date Amount Approximate total amount now outstanding 16

19 Property Details (continued) (IMPORTANT: inaccuracies in this section may cause delay in processing this application) Self-Build Purchase Price Cost of Build Expected Completion Value Please provide the following documents with this application: Planning Permission; Plans; Specifications; Costings. When was the property built? Age of Property & Details of Its Builder (if applicable) If the property is new or was built within the last TEN years, is it being sold with a National House-Building Council (NHBC) Certificate, or Foundation 15 Certificate, or Newbuild Guarantee? If the property is new and the previous answer was No, is the construction being supervised by an Architect or Surveyor employed solely by you? If Yes, Architect or Surveyor s Name and Address Qualification/s Post Code New Build Builder s Name and Address Post Code Cost of Land Cost of Building Total Cost Is the property Tenure Freehold, or Leasehold? If Freehold state the following (if applicable): Rent Charge/Chief Rent per annum If Leasehold state the following: Unexpired Term years Ground rent per annum Maintenance Charge (if any) per annum P17 04/15 17

20 Property Details (continued) (IMPORTANT: inaccuracies in this section may cause delay in processing this application) Arrangements for Property Access How may the valuer gain access to the property? Seller s Contact Details Keys available from: seller, Estate Agent, or applicant/s? Post Code Telephone No. Estate Agent s Contact Details Post Code Telephone No. IMPORTANT NOTICES TO APPLICANT(S) REGARDING PROPERTY VALUATION The report and valuation will be prepared solely for the Society by an independent valuer instructed by the Society to enable it to assess the adequacy of the property for mortgage purposes. The inspection carried out by the valuer is a limited one (not a structural survey) and there may be defects which a more detailed inspection would reveal. If you have not already done so, you should consider whether, for your own protection, you should arrange a more detailed inspection to be carried out by a qualified surveyor. No responsibility to you is implied or accepted by the Society or the valuer for either the value or the condition of the property by reason of the report and valuation for mortgage purposes carried out on behalf of the Society by the valuer. The more detailed inspections that are available are indicated below: (a) Royal Institute of Chartered Surveyors (RICS) Homebuyers Report and Valuation; (b) A Full Structural Survey. Valuation/Administration Fee (see page 2 for scale of fees and information on payments made by cheque) *I/We enclose Fee The payment of this fee does not bind the Society to make an advance. If additional inspections are necessary, the additional fees will be charged to the mortgage account. Description & Accommodation of Property to be Mortgaged/Re-Mortgaged Please delete as appropriate in each section below: Type House/Bungalow Style House / Bungalow / Flat / Maisonette Detached / Semi-Detached / Terrace Flat Style Purpose Built / Converted No. of Floors in Block Subject Flat on Which Floor? Ground / Floor No: Construction Roof Brick / Stone / Concrete / Timber / Other (specify): Tile / Slate / Other (specify): Please state number in each case: Living Room(s) Bedroom(s) Kitchen(s) Bathroom(s) WC(s) Indoors WC(s) Outdoors Garage(s) Parking Space(s) Outbuilding(s) Other room(s) (specify, e.g. conservatory) 18

21 Solicitors Please state details of the Solicitors who will act for you in the proposed purchase or re-mortgage. Please note: Licensed Conveyancers who are not connected with a firm of Solicitors will not be accepted to act on the Society s behalf. Solicitors Name & Postal Address Post Code DX Address (if known) Telephone No. Fax No. Address Residence & Occupation Will the property be used by you and/or your family members wholly for residential purposes? If No, please give details of tenancies or any business carried out from the property. Certificate of Residential Use for the Purpose of Section 11 (2) of the Building Societies Act 1986 It is hereby certified that the whole of the property known as will be used from the date of completion of the mortgage advance for *my/our residential use and the following person(s) who *is/are wholly or partly maintained by *me/us will be in occupation: Surname Forename(s) Relationship to Borrower Date of Birth Surname Forename(s) Relationship to Borrower Date of Birth In addition to the aforementioned, the following persons, who are not maintained by *me/us, will be in occupation: Surname Forename(s) Relationship to Borrower Date of Birth Surname Forename(s) Relationship to Borrower Date of Birth 19

22 Instruction to your bank or building society to pay by Direct Debit Please fill in the whole form using a ball point pen and send it to: Holmesdale Building Society 43 Church Street Reigate Surrey RH2 0AE Service user number Name(s) of account holder(s) Reference (Leave blank, Society s use) Bank/building society account number Branch sort code Instruction to your bank or building society Please pay Holmesdale Building Society Direct Debits from the account detailed in this Instruction subject to the safeguards assured by the Direct Debit Guarantee. I understand that this Instruction may remain with Holmesdale Building Society and, if so, details will be passed electronically to my bank/building society. Please select your preferred payment date (tick one) 1 st 10 th 20 th Name and full postal address of your bank or building society To: The Manager Bank/building society Address Signature(s) Postcode Date Banks and building societies may not accept Direct Debit Instructions for some types of account This guarantee should be detached and retained by the payer. DDI2/5 The Direct Debit Guarantee This Guarantee is offered by all banks and building societies that accept instructions to pay Direct Debits If there are any changes to the amount, date or frequency of your Direct Debit Holmesdale Building Society will notify you 5 working days in advance of your account being debited or as otherwise agreed. If you request Holmesdale Building Society to collect a payment, confirmation of the amount and date will be given to you at the time of the request. If an error is made in the payment of your Direct Debit, by Holmesdale Building Society or your bank or building society you are entitled to a full and immediate refund of the amount paid from your bank or building society If you receive a refund you are not entitled to, you must pay it back when Holmesdale Building Society asks you to You can cancel a Direct Debit at any time by simply contacting your bank or building society. Written confirmation may be required. Please also notify us. 20

23 Buildings Insurance All properties mortgaged to the Society must be fully insured for buildings insurance purposes. Alternatively, if you already have insurance in place and wish to continue with this cover, then a schedule confirming the sum insured should be returned with your application form. Please note that the property must be insured in the names of all parties to the mortgage with the interest of the Holmesdale Building Society noted thereon. Third Party Declaration I have completed or assisted with the completion of this form and the accompanying mortgage application form on behalf of and certify that the details have been checked and are true and correct to the best of my knowledge. Print Name Company Signature Date 21

24 Before signing the Declaration: Applicant/s: Declaration & Authorisation (* delete as appropriate where marked by an asterisk below) Please ensure that you have read the important customer information at the beginning of this form. Please check your answers in each section to ensure you have given us all the information we need to process your application. The checklist at the end of this form will help you with this. The information you give will form the basis of your contract with us. If there are any other material facts that could reasonably be construed as likely to influence our decision about this loan application, but which have not been revealed as a result of answering specific questions within this application form please provide details on a separate sheet of paper. You agree and declare that: 1. I/We apply for a loan on the property described in this mortgage application and to become a borrowing member of the Holmesdale Building Society ("the Holmesdale"). 2. I/We agree to comply with the rules of the Holmesdale and understand that these may be changed in the future. 3. I/We agree that this information will form the basis of the mortgage contract between me and the Society and that if I enter into an associated insurance contract it will also be the basis of a contract between me and the insurer. 4. I/We agree to tell the Society about any information which may affect the insurance cover provided. I understand that the policy may be invalid, or the cover affected, if I do not disclose this information. 5. I/We agree to pay the Society's conveyancing costs and valuation fees even if the mortgage does not complete. 6. I/We agree to tell the Society of any changes to the information in this form which arise between now and completion of the mortgage. 7. I/We understand that a valuation will be carried for the purpose of assessing the property for the loan. I/We understand that this valuation report is intended solely for the purpose of the Holmesdale in considering this application for a loan, and is not intended to be a detailed inspection of the property. 8. Neither the Holmesdale nor our valuer warrants that the condition of the property or the price paid is reasonable, and that it is for us to satisfy ourselves as to the value and condition of the property. I/We understand that if I/we require, the Holmesdale can introduce me/us to firms of chartered surveyors that I/we can instruct to carry out a more detailed Homebuyer s Survey and Valuation, or a Building Survey. 9. We certify that where the loan is paid by one applicant, then that payment should be treated as made for, and on behalf of, all applicants. 10. I/We agree to keep the property fully insured until the loan is fully repaid. 11. I am/we are over 18 years of age. 12. I am/we are applying for a loan to be made on the security of the property. I/We acknowledge that the applicable application and valuation fees are set out in your Key Facts Illustration and I/we have either enclosed a cheque for this amount or agree that the Holmesdale may debit my/our debit/credit card with this amount. 13. I/We accept that one of the terms of applying for a loan is that the Holmesdale need not give any reason for declining the application. 14. I/We will not let the property without the Holmesdale s prior written consent. 15. I/We authorise the Holmesdale, where appropriate, to approach both current and previous employers to obtain confirmation of my/our income details 16. I/We authorise the Holmesdale, where appropriate, to approach my/our accountants to obtain confirmation of my/our income details 17. I /We confirm that the information in this form is true and complete, including any answers which have been completed by someone else. 18. I/We give our irrevocable authority for the Holmesdale to disclose details of my/our mortgage application and subsequent mortgage account to any guarantor or third party who have provided collateral security. 22

25 DATA PROTECTION ACT 1998: 19. I/We agree that the information provided may be used by the Holmesdale, or its contractors and agents, to inform me/us of new products and services that the Holmesdale may offer. (The Holmesdale will not pass on information for the use of third party marketing agencies or such companies). Tick this box if you do not wish to receive Holmesdale specific marketing material 20. I/We agree to the processing of my personal information in accordance with the Data Protection Act I/We understand that my/our personal information may be used in a number of ways, for example: to assess and process this and future applications; to verify my/our identity; to prevent fraud and money laundering; to manage my/our account(s); for management of arrears and debt collection; for audit purposes (including inspection by insurers and regulators), research and statistical analysis; and to identify other products and services which might be suitable for me/us (with my/our consent). The Holmesdale may share your information with, and obtain information about me/us from the Council of Mortgage Lenders Possession Register, credit reference agencies and fraud prevention agencies. This may include details of any previous or subsequent names. If false or inaccurate information is provided and fraud is identified, details will be shared with fraud prevention agencies and this information may be accessed and used by law enforcement to prevent fraud and money laundering. The Holmesdale may seek appropriate references we consider necessary in respect of this application. I/We will meet the costs for this. In addition to the above The Holmesdale will not ordinarily disclose information to other organisations except to help prevent fraud and money laundering, where it is required by law, permitted under the Data Protection Act or in order to process the mortgage application. Where The Holmesdale passes on information, it will be looked after with the same level of care. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. All loans subject to status. Written quotations available on request. All Applicants BEFORE YOU SIGN THIS APPLICATION, DECLARATION AND AUTHORISATION, YOU MUST READ AND UNDERSTAND: 1. THE TERMS OF YOUR COMPLETED MORTGAGE APPLICATION; 2. THE INSURANCE INFORMATION STATED ABOVE; 3. THE DECLARATION AND AUTHORISATION BY YOU, SET OUT ABOVE. IF YOU DO NOT UNDERSTAND ANY ASPECT OF THIS APPLICATION, DECLARATION AND AUTHORISATION, YOU SHOULD ASK APPROPRIATE QUESTIONS BEFORE SIGNING. Applicant 1 Signed Date Applicant 2 Signed Date Mortgages: mortgages@theholmesdale.co.uk 43 Church Street, Reigate, Surrey, RH2 0AE Website: Fax: Member of the Building Societies Association and Council of Mortgage Lenders. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority our Firm Reference Number is ID Mar 16