Decision in Principle Application Form te: This is not a Mortgage Offer and does not bind the Society to make one Section 1: Broker Details Name of broker Broker s email address Broker s FRN number Broker region Name and address of office based at Broker s contact number Broker s fax number Network under which application is submitted Mortgage Club for procuration fees to be paid Section 2: Personal Details Surname Title Surname Title First name(s) First name(s) Any previous name(s) Any previous name(s) Date of birth (DDMMYYYY) Date of birth (DDMMYYYY) Current address (If less than three years please give all addresses during this period) Current address (If less than three years please give all addresses during this period) Time at address Time at address Home Telephone Number Home Telephone Number Previous address Previous address 150217 Page 1 of 6
Section 2: Personal Details (continued) We do not offer foreign currency loans, therefore you must reside in the UK. Are you a first time buyer? What is your maritalcivil partnership status? We do not offer foreign currency loans, therefore you must reside in the UK. Are you a first time buyer? What is your maritalcivil partnership status? What is your residential status? Owner Tenant Living with parents Number of dependent adults (for all applicants) What is your residential status? Owner Tenant Living with parents Number of dependent adults (for all applicants) Section 3: Deposit Source of deposit Section 4: Property details region of security property Property value If flat, is it above commercial premises? If flat, how many floors in block? Section 5: Loan details Borrowing Term How much of the new loan is required for? Home improvements Capital raising provide details within Additional Comments Repayment of outstanding mortgages Repayment of existing loans previously taken out for home improvements Debt consolidation provide details within Additional Comments Funds towards Residential Purchase Funds towards BTL Purchase Funds towards Equity Buy Out Funds Towards Transfer of Equity Loan Type Purchase Remortgage Repayment Part and part Right-to-buy Interest Only Buy-to-let purchase Buy-to-let remortgage 150217 Page 2 of 6
Section 5: Loan details (continued) Remortgage: please give original purchase price & date of purchase Original purchase price Date of purchase (DDMMYYYY) Property type (Detached house, flat etc) Section 6: Government Supported Initiatives Is the government Help to Buy Scheme 1 being used as part of this application? Value of equity loan Is the Lift Scheme being used? Is the Forces Help to Buy scheme being used? Value of Forces Help to Buy LoanDeposit Section 7: Buy to let only Number of buy to lets held Year property built Property typestyle (detached houseflatsemi detached house etc) Rental income total Rental income total for the property to be mortgaged Is the property furnished? Do you or a related person intend to occupy the property? Are you a first time landlord? Do you own any other let properties? Is this a let to buy transaction? Have you or a related person occupied the property since purchase? Section 8: Unencumbered properties Do you have any unencumbered properties? If yes please provide details: Address inc. postcode Applicant Foreign address Monthly rental income 1 2 Joint 1 2 Joint 1 2 Joint Section 9: Income details We do not offer foreign currency loans. All income to be used for the affordability of the mortgage being applied for must therefore be paid in pounds sterling. Are you employedself-employed? Are you employedself-employed? Occupation? Occupation? 150217 Page 3 of 6
Section 10: Employment Details Self employed applicants please visit our website for our criteria for self employed applicants: www.skipton-intermediaries.co.uk Full Time Retired Student Full Time Retired Student Part Time Hours worked (if part time) Part Time Hours worked (if part time) Length of time employed in current roleself-employed Length of time employed in current roleself-employed How long have you been in your current role? How long have you been in your current role? *Gross Basic Per Annum *Gross Basic Per Annum *Gross Guaranteed *Gross Guaranteed *Gross n-guaranteed *Gross n-guaranteed *Net Profit (SoletraderPartnership Co) *Net Profit (SoletraderPartnership Co) *Dividends Received (Ltd Comp Only) *Dividends Received (Ltd Comp Only) *Directors Remuneration (Ltd Comp Only) *Directors Remuneration (Ltd Comp Only) *Gross Pension *Gross Pension *Benefits Maintenance *Benefits Maintenance Section 11: Outgoing details Current Future Current Future MaintenanceChild Support MaintenanceChild Support NurseryChild Minder NurseryChild Minder Tuition Fees Tuition Fees Rent (Where remaining on completion) Rent (Where remaining on completion) TOTAL TOTAL Total Outgoings Total Outgoings Are there any other outgoings regular or otherwise, which are likely to affect your ability to meet your monthly mortgage? If please provide details? Are you aware of any potential changes to your circumstances now or in the foreseeable future that are likely to affect your ability to meet your monthly mortgage payments? If please provide details? 150217 Page 4 of 6
Section 11: Outgoing details (continued) Additional CommentsAdditional Information to support the case, eg savings, investments, other properties: Section 12: Additional Comments If you have paid any fees or charges prior to mortgage offer they will not be added to the mortgage balance or attract interest. If you elect to add any fees or charges to your mortgage balance, interest will be charged from completion. To keep costs to a minimum you may prefer to pay any fees or charges in full. This can be done at your local branch, by sending a cheque to our Principal Office, or by telephoning our Collections Team on 0345 850 1766 to pay by debit card. Section 13: Important information For the purposes of the Data Protection Act 1998, Skipton Building Society will be the data controller responsible for the processing of your data in relation to this application for a Decision in Principle. The information supplied will be used solely for the purposes of assessing the application and to make enquiries of licensed credit reference agencies who will supply the Society with credit information as well as information from the Electoral Register. The agencies will record details of the search whether or not this application proceeds. Scoring methods may be used to assess this application. A credit reference search will be carried out for each application for a Decision in Principle. Skipton Building Society is prepared to consider making a loan up to the amount shown in any approved application for a Decision in Principle subject to: receipt of a fully completed application and supporting documentation; satisfactory valuation report; satisfactory full credit search; and compliance with the Society s lending, underwriting and product criteria. The Decision in Principle is valid for 30 days only, after which time a revised approval must be obtained which will require up-to-date information being supplied and new credit search information obtained. This is not a Mortgage Offer and does not bind the Society to make one. All applicants must receive and consider a Mortgage Illustration relating to the particular mortgage product they require before a full application can proceed. Section 14: Declaration and applicant(s) consent Please read the following to the applicant(s) for a Decision in Principle You consent to the processing of your personal data by Skipton Building Society You confirm that the information supplied is true, accurate and complete You agree and understand that: Skipton Building Society will search the files of a licensed credit reference agency and we will use credit scoring as part of the decision making process Whether the loan is approved or not the search will be recorded against your credit history by the agency concerned Applicant(s) declaration and consent (for branchintermediary retention) Please ensure you have carefully read the information above before signing Signature Signature Date (DDMMYY) Date (DDMMYY) 150217 Page 5 of 6
Section 15: Branchbroker declaration I confirm that the applicant(s) has been made aware of the important information on the next page and consent has been obtained for the Society to carry out a credit search. I confirm that I have the consent from my client(s) for the purpose of processing this Decision in Principle and other enquiries necessary as a result of the search. Signature Date (DDMMYY) Submission Information Please submit your Decision in Principle form to: Skipton Building Society, Mortgage Service Centre, Principal Office, The Bailey, Skipton, rth Yorkshire BD23 1DN. Telephone number 0345 850 1755 Fax 01756 705714 Email mscadvisors@skipton.co.uk. Skipton Intermediaries is a part of Skipton Building Society. Skipton Building Society is a member of the Building Societies Association. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority, under registration number 153706, for accepting deposits, advising on and arranging mortgages and providing Restricted financial advice. Principal Office, The Bailey, Skipton, rth Yorkshire BD23 1DN. 150217 Page 6 of 6