First Trust Bank for Intermediaries

Transcription

1 First Trust Bank for Intermediaries Submit your application form and any supporting documents by: 1. Submit the application and any supporting documents (See Intermediary Checklist) through our encrypted service to Please note: This method can only be used if you have been approved to use our encrypted service, to register for this service please contact our Intermediary Run By Desk on Post Please return to: First Trust Bank for Intermediaries Mortgage Business Team 92 Ann Street Belfast BT1 3HH

2 Intermediary Checklist Please tick to confirm you have completed the following: All sections relevant to this mortgage Anticipated completion date included in application To be enclosed with completed application form (For each customer unless indicated by *) Printed copy of affordability calculation* Certified copy of latest P60 Certified copy of most recent 3 months payslips Certified copies of last 3 month s bank statements for all accounts (inc. business accounts where applicable) Not required for First Trust Bank accounts Evidence of deposit* Note: If your Switcher customer: Is an existing First Trust Bank Customer; and Has an LTV of 90%; and Has a max 3.5 times LTI; and Has their salary mandated to their First Trust Bank current account, there is a reduced requirement for employment documentation - One up to date payslip only. Additional details for self-employed customers 3 years audited accounts A letter from the customer s accountant confirming tax affairs are up to date By ticking here I confirm that: All documents enclosed are true copies of the originals; and I have read, accept and agree to be bound by the First Trust Bank Mortgage Intermediary Terms of Business. First Trust Bank reserve the right to request original documentation / additional proof of income and expenditure in all cases if required. Please ensure that you have advised the customer of this. Intermediary Name Firm Name Date

3 1 Intermediary Details and Declarations A. Intermediary Details FCA Authorisation Number Principal Name Agency Number (If applicable) Intermediary Firm Intermediary Address Intermediary Postcode Intermediary Telephone Number Address FAX Number Adviser Name B. Pre-Application Checklist If the answer to any of the questions below is No, you should not submit this application. If you require further details, please contact our run-by desk on I confirm this is an advised sale Yes No I have interviewed the customer(s) face to face Yes No All customers are aged 18 or over Yes No The customers or their immediate family will live in at least 40% of the property either on completion of the mortgage or at a later time Yes No I confirm that there are no leases or tenancies affecting the property (e.g. solar panels) Yes No All customers are UK Residents (or will be upon completion) Yes No Only income earned in Pounds Sterling is being used in this application Yes No The mortgaged property will be located in Northern Ireland Yes No 1

4 C. Type of Product Initial Fixed / Discounted Period Rate a. Standard Variable Rate b. Discount Variable Rate c. Fixed Rate Product (Less than 5 years) d. Fixed Rate Product (5 years or greater) e. Split Mortgage If split, provide details of split required Fixed amount: Variable amount: D. Application Type: House Purchase First Time Buyer Co-Ownership Right to Buy (House only) Re-Mortgage (Switcher) Home Mover Second/Holiday home Further Advance (existing FTB Customer) Fixed amount: Variable amount: If re-mortgage, provide break-down of loan Existing mortgage: Additional Borrowing: If additional borrowing is required, what is the purpose of the additional borrowing? Home Improvements Debt Consolidation Co-Ownership stair-casing buy-out Other If other, provide details If Debt Consolidation, please do not submit the application. If you require further details, please contact our run-by desk on Personal Details Customer 1 Customer 2 Guarantor Yes No Yes No (If yes, please complete sections 2, 3, 5 & 6 and the First Trust Bank for Intermediaries declaration and sign-off page) Title (Mr, Mrs, Miss, Ms, Etc.) First Name: Middle Name: Surname: Previous Surname: (If applicable, e.g. maiden name) Date of Birth Country of Birth 2

5 Current Address (including postcode) Length of time at this address Yrs Mths Yrs Mths If less than 3 years, previous address history for last 3 years Is your current address to be used as your correspondence address? Yes No Yes No If not, what is your correspondence address? Telephone Number: Mobile Number: Address: Residential Status: Preferred Preferred Preferred Home Owner Tenant Living with parents Other Marital Status: Married Civil Partnership Single Cohabitant/Partner 3

6 Divorced Separated Widowed Gender: Male Female Number of Financial Dependants Age of Dependants: Age of Additional Dependants Dependant 1: Dependant 2: Dependant 3: Dependant 4: Dependant 5: 3a. Employment Details Customer 1 Customer 2 Occupation Employer s Name Employer s Address (Including Postcode) Employer s Telephone Number Contract Type Permanent Temporary Fixed Term Length of service with current employer Yrs Mths Yrs Mths If less than 3 years, please give details of previous employment Previous Employer Name Length of Service with previous employer End date (if fixed term or temporary contract) Are you currently on probation? Yes No Yes No 4

7 Probation period end date If you have any other employment please detail below Description Income Gross Annual Basic Gross Annual Other (1) Total Gross Annual Net Monthly Basic Net Monthly Other (1) Total Net Monthly Are you employed in the UK? Yes No Yes No Is your income in Pounds Sterling? Yes No Yes No If no, please state currency Anticipated Retirement Age: If the mortgage is due to run past normal retirement age, give details of sustainable income (1) Other income types consist of the following: Second or other employment, maintenance payments, benefits (Child Benefit, Lifetime DLA), Regular commissions/income from shares and investments, or 70% of property rental income. Proof of other income type will be required. Please provide details of additional income in comments section at the end of this application form. 3b. Self Employment Details Customer 1 Customer 2 To be completed if you are self-employed, a share holding company director or a partner in a firm Nature of Business Name and Address of Business (Including Postcode) Status Sole-Trader Partner Director + Shareholder Do you own a share in the business? Yes No Yes No What is your % ownership? 5

8 Current Income Details Customer 1 Customer 2 Year 1 Year 2 Year 3 Year 1 Year 2 Year 3 Year 201_ 201_ 201_ 201_ 201_ 201_ Net Profit Before Tax Directors Remuneration Are there any non-recurring items on your profit and loss account? If yes, please give details Accountant Details: Name of Accountancy Firm Accountant s Address (Including Postcode) Yes No Yes No Contact Name Telephone Number 3c. Financial Declaration Customer 1 Customer 2 Have you ever been refused a mortgage; had a judgment against you or default for bad debt; been declared bankrupt; failed to repay rent, mortgage or hire purchase repayments or any other credit facility; had a conviction (other than a minor motoring conviction); or do you have a pending prosecution? Yes No Yes No If yes, please provide details 4. Present Bank Details Customer 1 Customer 2 Please provide the bank details that your main source of income is credited to Name of Bank/Building Society Address of your Bank/Building Society Name of Account Holder Sort Code 6

9 Account Number First Trust Bank Details (If applicable) Sort Code Account Number 5. Assets and Liabilities A. Non-Property Related Assets (e.g. Bank and Building Society Accounts) Description Provider Balance Held by B. Property Assets/Liabilities Description / Address Mortgage Balance Outstanding Estimated Current Value Repayment Type (Capital & Interest or Interest Only) Monthly Payment Gross Monthly Rent Remaining Term If redeeming Prior to Completion, how clearing? (1) Held by (2) Total * Due to First Trust Bank policy in connection with Foreign Currency Lending, where a customer owns a Buy to Let property outside of the UK, the rental income may not be taken into account for the affordability calculation. 7

10 Guidance: 1. Redeeming prior to completion: Please indicate if the commitment is to be cleared before completion and how it is being cleared savings, non-refundable gift or loan 2. Held By: Please choose from the following 1st Customer, 2nd Customer or Both If interest only please advise on interest only term remaining and anticipated repayment vehicle C. Other Liabilities Include in this section all: Credit Cards (e.g. Visa, Mastercard, Storecards) Loans Hire Purchase Other non-mortgage lending related monthly repayments Description Balance Remaining Term Limit Lender Monthly Repayment* Held by * Note: Credit Card Monthly Repayment If balance paid in full each month then zero to be entered. If balance not cleared then minimum 5% of outstanding balance to be entered. 6. Monthly Expenditure Note: Essential & discretionary living costs will be automatically calculated using Bank policy. Section 1 Other Essential Outgoings 1 Childcare / School Fees 2 General Home Insurance Premiums (Other Properties Only) 3 Rates 4 Maintenance 5 Other Total (add 1 5) 8

11 Section 2 Committed Expenditure 6 Credit Cards (only input 5% of balance if not cleared in full every month) 7 Loans 8 Hire Purchase Payments 9 Other Mortgages (Please stress at 3% above current interest rate applying) 10 Co-Ownership Housing Rental Payment 11 Other Total (add 6-11) a) Section 1 (Total Other Essential Outgoings) b) Section 2 (Total Committed Expenditure) c) Total Combined Net Monthly Income (From Affordability Calculator) Are you aware of any future changes to your circumstances which may affect your disclosed Income / Expenditure? Customer 1 Customer 2 Yes No Yes No If yes, please provide details Note: Refer to the affordability section of our criteria on our website for further details. 7. Mortgage Requirements Mortgage Amount Required Purchase Price Amount of Deposit/Equity if Applicable Source of Deposit Term Estimated Property Value If different from purchase price, please give details 9

12 7b. Additional Borrowing for Existing FTB Customers Only Existing Mortgage Account Number (if known) Additional Borrowing Purpose Is this property held as security for a loan from any other source? Yes No If Yes Name of Lender Lender s Address (Including Postcode) Amount of Loan Date of Loan 8. Property to be Mortgaged A. Property Details Property Address (Including Postcode) Customer 1 Customer 2 Will this be your correspondence address following completion? Yes No Yes No Name(s) in which the property will be registered: Apart from the customers, will anyone over the age of 17 be living in the property? Yes No If yes, please complete the following: Name 1 Age Relationship Name 2 Name 3 Name 4 10

13 Property Type: House Bungalow Apartment Detached Semi-detached Terraced Age of Property Yrs Where the property is less than ten years old, will it be covered by an insurance backed warranty scheme? NHBC Other No If Other Please Specify Traditional Build Yes No Number of Bedrooms Other Habitable Rooms Is any part of the property currently let or to be let in the future? Yes No If yes, please give details Anticipated Completion Date B. Co-Ownership (please provide copy of agreement) If Co-Ownership please answer the following Percentage of ownership % Does the scheme allow you purchase remaining equity? Yes No Rent Per Month (non-stressed) Association Association Address 9. Third Party Contact Details Solicitor Details Name of Solicitor Address of Solicitor Telephone Number 11

14 Contact Name Selling Agent Details Name of Firm Contact Name Telephone If no selling agent, please give contact details of person for valuer to contact to gain access to the property 10. Fee Payment Details Fees Payable To First Trust Bank Fees are payable to First Trust Bank in order to complete your mortgage application. Please indicate below how you wish to pay these fees. These fees will have been detailed on your mortgage illustration. If you wish to pay any of these fees by credit card or debit card we will contact you on the contact details below to process this payment. Fee Amount Payment Method Valuation Cheque* (To Be Enclosed) Debit Card Credit Card Application (arrangement) fee Cheque* (To Be Enclosed) Debit Card Credit Card Booking Fee Cheque* (To Be Enclosed) Debit Card Credit Card Other Fee Cheque* (To Be Enclosed) Debit Card Credit Card Details of other fee *Cheques should be made payable to First Trust Bank. Please include one cheque for the total amount of fees due. If you choose to use the same card for all fees one payment will appear on your bank or credit card statement under the narrative First Trust Mortgage. Are you (the intermediary) charging the customer(s) any fees other than the First Trust Bank fees and charges listed above? Yes No If yes, please provide details Card Holder Contact Details Card Holder Name Card Holder Contact Number Preferable Contact Time (Between 9am & 4.30pm) NOTE: IF APPLICATION/VALUATION FEES ARE NOT PAID PROMPTLY THERE MAY BE A DELAY IN THE PROCESSING OF YOUR APPLICATION. 12

15 YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE 11. Declarations and Consent Data Protection Notice How We Use Your Information In this notice, we, us and our refers to AIB Group (UK) p.l.c. which includes First Trust Bank, Allied Irish Bank (GB) and Allied Irish Bank (GB) Savings Direct and AIB Group which refers to Allied Irish Banks, p.l.c., its subsidiaries, affiliates and their respective parent and subsidiary companies. For more information about our group of companies, please visit This notice explains what we will do with your information, so that you can decide whether or not to provide that information to us. It is important that you read it carefully. The personal information requested from you is required to enable us to effectively provide or administer a product or service to you. Failure to supply us with sufficient information may result in us not being able to provide or meet your product/service needs. The information that you provide may be held by us on a computer database and/or in any other way and will be treated confidentially. 1. Disclosure of Information: Information we hold about you will not be disclosed to anyone, outside of AIB Group, other than: 1.1 If we are required by law to give the information. 1.2 Where we have a public duty to disclose information. 1.3 Where disclosure is required for our legitimate business interests. 1.4 Where disclosure is made with your consent. We may use this information in the following ways: 2. Products and Services: 2.1 To administer the products and services that we supply to you and any future agreements that we may have with you, and to manage and develop our relationship with you. 2.2 For direct marketing purposes; to advise you of products or services, where you have given your permission to us through your marketing choices. 3. Credit Scoring and Credit Reference Agencies: 3.1 We may use automated credit scoring methods to assess your application. Credit scoring takes into account information provided directly by you, any information we may hold about you, and any information we may obtain from other organisations. 3.2 We will verify the identity and address of all applicants, including through the use of Electronic Identification. We may also carry out additional verification checks throughout the lifetime of your agreement. 3.3 To carry out searches (including verifying your identity and/ or a credit search) and disclose information to credit reference agencies for the purpose of assessing applications for credit and credit related services and for on-going review of credit. Credit reference agencies will record details of each type of search we make, whether or not your application proceeds. We may use credit scoring techniques and other automated decision making systems to either partially or fully assess your application. 3.4 Whether you borrow money from us or not, we may regularly give credit reference agencies details of your account and how you use it, including in certain circumstances, details of any payments you have failed to make. These details may include your account balance, credit limit and any arrears. Credit reference agencies may make this information available to other organisations so that they can take decisions about you and your associates. 3.5 In relation to joint applications; a financial association may be created between applicants at the credit reference agencies. This association may be considered in future applications by us and other financial institutions. 3.6 Please be aware that the presence of several credit searches on your record with a credit reference agency may affect your ability to obtain credit elsewhere for a short period of time. 3.7 To review your financial position across AIB Group, including debit and credit balances and security for credit facilities. 4. Other Third Parties: 4.1 To provide your personal details to debt collection agencies, tracing agencies, and/or third party processors and contractors, who act on behalf of us, if it is necessary for the performance of a contract and/or to protect the legitimate interests of AIB. The third parties will not be allowed to use your information for anything else. 4.2 To whom we transfer, or may transfer any of our rights or obligations under any contract with you. 5. Financial Crime Prevention: To prevent and detect fraud, money laundering or other criminal activity; and to trace those responsible. 5.1 If false or inaccurate information is provided and fraud is identified, details will be passed to fraud prevention agencies. 5.2 Law enforcement agencies may access and use this information. 5.3 We and other organisations may also access and use this information to prevent fraud and money laundering, for example, when: Checking details on applications for credit and credit related or other facilities. Managing credit and credit related accounts or facilities. Recovering debt. Checking details on proposals and claims for all types of insurance. Checking details of job applicants and employees. 5.4 We and other organisations may access and use from other countries the information recorded by fraud prevention agencies. 5.5 If other criminal activity is identified, details will be passed to the relevant authorities 6. Market Research: To carry out statistical analysis and market research, or to instruct a third party to perform this on our behalf. 7. Security and Service Improvement: We may record telephone conversations for additional security, to help resolve complaints and improve our service standards. Conversations may also be monitored for staff training purposes. 8. Miscellaneous: 8.1 Under the Data Protection Act 1998 you have the right of access to personal information we hold about you on our records for a nominal fee (currently 10.00). You can exercise this right by writing to the Data Protection Unit, AIB Group (UK) p.l.c., First Trust Centre, 92 Ann Street, Belfast, BT1 3HH. 8.2 If any of your personal information held by us is inaccurate or incorrect, please let us know and we will correct it. There is no fee for such corrections. 8.3 If you want details of the Credit Reference Agencies, Fraud Prevention Agencies, Debt Collection Agencies or other third parties we use, please contact us. 8.4 If you decide to proceed with this product/service or have any other communication with us through or in relation to our products and services, you consent to the use by us of your personal data as indicated above. 13

16 Recommendations & Comments: First Trust Bank is a trade mark of AIB Group (UK) p.l.c. (a wholly owned subsidiary of Allied Irish Banks, p.l.c.), incorporated in Northern Ireland. Registered Office 92 Ann Street, Belfast BT1 3HH. Registered Number NI Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. 14