Lending Criteria

Accepted subject to:

- Business/commercial use does not exceed 50% of floor area

- Independent access to the residential area and (where deemed appropriate for letting use and/or saleability) with residential parking provision

- Rent from residential area should be a minimum of 75% of the stressed ICR (on an Interest-Only basis)

Accepted under the following conditions:

• Maximum loan of £200,000
• Maximum number of debts being consolidated is <=4
• Value of debt being consolidated <= £15,000
• Value of other unsecured debts (not being consolidated) does not exceed £10,000
• LTV is <= 80%

- Will not be permitted for:

- Repayment of personal or business taxation debts

- Gambling debts

- Settlement of debt arising from providing ‘called upon’ guarantee or surety against loss

Residential = 60% LTV.

Buy to Let = 75% LTV.

Buy for Uni =100% LTV

Retirement Interest-Only = 50%.

Part Capital & Interest and part Interest-Only = 80% (at least 50% of the total loan must be on Capital & Interest. If the LTV is 60% or below there is no minimum percentage requirement for Capital & Interest).

Accepted for personal expenditure, acquisition of an asset or providing a cash gift.

<70% LTV = £1.8m.

<80% LTV = £1.0m

>80-85% LTV = £500k

>85-90% LTV = £450k

>90-95% LTV = £350K

Up to 4 applicants accepted.

No maximum age (subject to LTV & term).

For Interest-Only, must use Sale of Mortgaged Property/Downsizing as repayment vehicle.

5 years.

35 years (Capital & Interest).

25 years (Interest-Only).

25 years (part & part)

New mortgage - £25,000.

Further advance - £5,000

£140,000.