Date : Mortgage Reason Why Rate : Lender : This firm is a member of the Mortgage Code Compliance Board (our registration number is 5398035) and adheres to the Mortgage Code in all cases (a copy of the code is available on request). I have provided you with my Terms of Business, and I have given you a copy of the leaflet you and Your Mortgage. I have provided a full advice and recommendation service in order that I can make an informed decision with you about the choice of your new mortgage. The advice and recommendation given is not normally from a restricted panel and is drawn from all lenders who are members of the council of mortgage lenders and who would normally lend in your area. Please read our Glossary of Mortgage Terms for further information on the mortgage process including the types of rates, fees and charges, valuations, what assistance is provided by the government in the event of sickness and unemployment, credit reference agencies and the conveyance process. If you do not have a copy please ask for one. Further in-depth information about the mortgage process is available through our website : www.axessifa.dircon.co.uk. Following is my analysis of your current situation and outlines the reason why a specific mortgage product was chosen. Personal details Client 1 Client 2 Marital Status Married Single Divorced Separated Widowed Common Law N/A Married Single Divorced Separated Widowed Common Law N/A Occupation / Job Title Employment Status Employed Self employed Contract Unemployed Retired Investment income Retired Student Houseperson N/A Employed Self employed Contract Unemployed Retired Investment income Retired Student Houseperson N/A Employer Mortgage 1 : property address : Client 1 Client 2 Status First Time Buyer Home-mover Remortgagee Buy to Let Let to Buy Remortgage + Capital Raising Home Income Plan Self Built Negative Equity Shared Ownership Right to Buy Shared Equity Overseas property N/A Holiday home : First Time Buyer Home-mover Remortgagee Buy to Let Let to Buy Remortgage + Capital Raising Home Income Plan Self Built Negative Equity Shared Ownership Right to Buy Shared Equity Overseas property N/A Holiday home : Right to Buy only Council Valuation Discounted purchase price Mortgage Loan Reason for additional loan e.g. solicitor's fees Remortgage & capital raising Better rate Better rate Remortgage : Debt consolidation Remortgage : Debt consolidation Remortgage : Let 2 buy Remortgage : Let 2 buy Remortgage : Capital for investment Remortgage : Capital for investment: Remortgage : Capital for Buy to Let property Remortgage : Capital for Buy to Let property Remortgage : Capital for children's needs Remortgage : Capital for children's needs Other : Other : Attitude to rate Client 1 Client 2 Standard variable mortgage rate (flexible/ tracker) To keep initial monthly payments low Mortgage payments not to fluctuate : fixed or capped rates Would consider fluctuation in rate for lower initial rate : Discounted Attitude to redemption No penalty at anytime Penalty during rate control period only Longer penalty for other benefits Attitude to overall costs & fees Are overall costs, an issue* e.g. free valuation, solicitor's fee, stamp duty added to loan. N/A Yes No N/A Yes No Attitude to payment Flexible payments e.g.premium holidays, overpayments, underpayments N/A Not important Important N/A Not important Important *subject to availability from the lender From the information provided the following mortgage is selected : Cashback Loan You indicated that you wish to receive a cash sum on completion of the mortgage.This sum may be used for any purpose. Please note that cashback loans often attract punitive Early Redemption Penalties. Please check carefully the attached illustration and the lenders offer letter to ensure you are aware of the commitment you are making. You also indicated that you want the flexibility to be able to repay or part repay your mortgage without incurring penalties for repaying the loan early. Please note that exclusions to the above may apply if there are any mortgage incentives e.g. discounts or cashbacks. There are not normally any arrangement or booking fees payable to the lender for this type of procuct. Please check your illustration, as these fees may apply if mortgage incentives e.g. Cashbacks & Discounts are part of this product. You prefer to have a monthly repayment which will change in line with fluctuations in the lenders prevailing interest rates. Redemption Terms Please note there may be Early Redemption Penalties associated with this loan should you wish to repay it earlier than the stated term. Please check the attached illustration for details under the heading ERP. Fixed Rate Loan Fixed Rate Loans Please note that a reduction in interest rates during the fixed rate period could reduce the appeal of a fixed rate. At the end of you fixed interest rate period your mortgage will revert back to the lenders standard variable rate of interest. Please see the attached schedule of payments which gives an indication of how your monthly payments may change. Please also note that the illustration is not an exact quotation as we cannot predict what the standard variable rate will be when your fixed rate period ends. You indicated that you would like to fix your repayments for a given period to be sure of your financial commitments. You indicated that you are concerned about potential mortgage repayment changes and that a fixed rate mortgage would protect you from interest rate fluctuations. Please remember that fixed rate loans often have redemption penalties attached to them if the mortgage is redeemed during or even after the fixedrate period. Please ensure you check the early redemption penalty (ERP) information given on your illustration. Redemption Terms Please note there may be Early Redemption Penalties associated with this loan should you wish to repay it earlier than the stated term. Please check the attached illustration for details under the heading ERP. Discounted rate loan You indicated that you would like to keep your monthly repayments low for the initial stated period, whilst retaining the flexibility to reduce repayments should interest rates fall in the future. You understand that your monthly repayments will increase if standard variable interest rates increase, and that at the end of your discounted period, your mortgage will revert back to the lenders variable rate. As a result your mortgage payments will increase from their initial level. Please see figures on the attached payment schedule. You are aware that with a discounted rate mortgage, there maybe financial penalties if the mortgage is redeemed early. Please refer to the attached illustration under the heading ERP (Early Redemption Penalty). Please Note: The discount is for an initial term. The lenders standard variable rate upon which the discount is based may rise or fall and allowances should be made for this in future budgeting. Refer to your illustration for details and figures. The attached illustration is not an exact quotation as we cannot predict what the standard variable rate will be when your discounted rate period ends. The payments shown in the illustration reflect current market conditions. Redemption Terms Please note there may be Early Redemption Penalties associated with this loan should you wish to repay it earlier than the stated term. Please check the attached illustration fordetails under the heading ERP. Variable rate loan You indicated that you want the flexibility to be able to repay or part repay your mortgage without incurring penalties for repaying the loan early. Please note that exclusions to the above may apply if there are any mortgage incentives e.g. discounts or cashbacks. There are not normally any arrangement or booking fees payable to the lender for this type of procuct. Please check your illustration, as these fees may apply if mortgage incentives e.g. Cashbacks & Discounts are part of this product. You prefer to have a monthly repayment which will change in line with fluctuations in the lenders prevailing interest rates. Redemption Terms Please note there may be Early Redemption Penalties associated with this loan should you wish to repay it earlier than the stated term. Please check the attached illustration for details under the heading ERP.
Date :
Mortgage Reason Why Rate : Lender :
Rate :
Lender :
This firm is a member of the Mortgage Code Compliance Board (our registration number is 5398035) and adheres to the Mortgage Code in all cases (a copy of the code is available on request). I have provided you with my Terms of Business, and I have given you a copy of the leaflet you and Your Mortgage. I have provided a full advice and recommendation service in order that I can make an informed decision with you about the choice of your new mortgage. The advice and recommendation given is not normally from a restricted panel and is drawn from all lenders who are members of the council of mortgage lenders and who would normally lend in your area. Please read our Glossary of Mortgage Terms for further information on the mortgage process including the types of rates, fees and charges, valuations, what assistance is provided by the government in the event of sickness and unemployment, credit reference agencies and the conveyance process. If you do not have a copy please ask for one. Further in-depth information about the mortgage process is available through our website : www.axessifa.dircon.co.uk. Following is my analysis of your current situation and outlines the reason why a specific mortgage product was chosen.
This firm is a member of the Mortgage Code Compliance Board (our registration number is 5398035) and adheres to the Mortgage Code in all cases (a copy of the code is available on request). I have provided you with my Terms of Business, and I have given you a copy of the leaflet you and Your Mortgage.
I have provided a full advice and recommendation service in order that I can make an informed decision with you about the choice of your new mortgage. The advice and recommendation given is not normally from a restricted panel and is drawn from all lenders who are members of the council of mortgage lenders and who would normally lend in your area.
Please read our Glossary of Mortgage Terms for further information on the mortgage process including the types of rates, fees and charges, valuations, what assistance is provided by the government in the event of sickness and unemployment, credit reference agencies and the conveyance process. If you do not have a copy please ask for one. Further in-depth information about the mortgage process is available through our website : www.axessifa.dircon.co.uk.
Following is my analysis of your current situation and outlines the reason why a specific mortgage product was chosen.
Personal details Client 1 Client 2 Marital Status Married Single Divorced Separated Widowed Common Law N/A Married Single Divorced Separated Widowed Common Law N/A Occupation / Job Title Employment Status Employed Self employed Contract Unemployed Retired Investment income Retired Student Houseperson N/A Employed Self employed Contract Unemployed Retired Investment income Retired Student Houseperson N/A Employer
Client 1 Client 2 Marital Status Married Single Divorced Separated Widowed Common Law N/A Married Single Divorced Separated Widowed Common Law N/A Occupation / Job Title Employment Status Employed Self employed Contract Unemployed Retired Investment income Retired Student Houseperson N/A Employed Self employed Contract Unemployed Retired Investment income Retired Student Houseperson N/A Employer
Client 1
Client 2
Marital Status
Married Single Divorced Separated Widowed Common Law N/A
Occupation / Job Title
Employment Status
Employed Self employed Contract Unemployed Retired Investment income Retired Student Houseperson N/A
Employer
Mortgage 1 : property address :
Client 1 Client 2 Status First Time Buyer Home-mover Remortgagee Buy to Let Let to Buy Remortgage + Capital Raising Home Income Plan Self Built Negative Equity Shared Ownership Right to Buy Shared Equity Overseas property N/A Holiday home : First Time Buyer Home-mover Remortgagee Buy to Let Let to Buy Remortgage + Capital Raising Home Income Plan Self Built Negative Equity Shared Ownership Right to Buy Shared Equity Overseas property N/A Holiday home :
Status
First Time Buyer Home-mover Remortgagee Buy to Let Let to Buy Remortgage + Capital Raising Home Income Plan Self Built Negative Equity Shared Ownership Right to Buy Shared Equity Overseas property N/A Holiday home :
Right to Buy only
Council Valuation
Discounted purchase price
Mortgage Loan
Reason for additional loan e.g. solicitor's fees
Remortgage & capital raising Better rate Better rate Remortgage : Debt consolidation Remortgage : Debt consolidation Remortgage : Let 2 buy Remortgage : Let 2 buy Remortgage : Capital for investment Remortgage : Capital for investment: Remortgage : Capital for Buy to Let property Remortgage : Capital for Buy to Let property Remortgage : Capital for children's needs Remortgage : Capital for children's needs Other : Other :
Better rate
Remortgage : Debt consolidation
Remortgage : Let 2 buy
Remortgage : Capital for investment
Remortgage : Capital for investment:
Remortgage : Capital for Buy to Let property
Remortgage : Capital for children's needs
Other :
Attitude to rate Client 1 Client 2 Standard variable mortgage rate (flexible/ tracker) To keep initial monthly payments low Mortgage payments not to fluctuate : fixed or capped rates Would consider fluctuation in rate for lower initial rate : Discounted Attitude to redemption No penalty at anytime Penalty during rate control period only Longer penalty for other benefits Attitude to overall costs & fees Are overall costs, an issue* e.g. free valuation, solicitor's fee, stamp duty added to loan. N/A Yes No N/A Yes No Attitude to payment Flexible payments e.g.premium holidays, overpayments, underpayments N/A Not important Important N/A Not important Important *subject to availability from the lender
Attitude to rate
Standard variable mortgage rate (flexible/ tracker)
To keep initial monthly payments low
Mortgage payments not to fluctuate : fixed or capped rates
Would consider fluctuation in rate for lower initial rate : Discounted
Attitude to redemption
No penalty at anytime
Penalty during rate control period only
Longer penalty for other benefits
Attitude to overall costs & fees
Are overall costs, an issue* e.g. free valuation, solicitor's fee, stamp duty added to loan.
N/A Yes No
Attitude to payment
Flexible payments e.g.premium holidays, overpayments, underpayments
N/A Not important Important
From the information provided the following mortgage is selected :
Cashback Loan You indicated that you wish to receive a cash sum on completion of the mortgage.This sum may be used for any purpose. Please note that cashback loans often attract punitive Early Redemption Penalties. Please check carefully the attached illustration and the lenders offer letter to ensure you are aware of the commitment you are making. You also indicated that you want the flexibility to be able to repay or part repay your mortgage without incurring penalties for repaying the loan early. Please note that exclusions to the above may apply if there are any mortgage incentives e.g. discounts or cashbacks. There are not normally any arrangement or booking fees payable to the lender for this type of procuct. Please check your illustration, as these fees may apply if mortgage incentives e.g. Cashbacks & Discounts are part of this product. You prefer to have a monthly repayment which will change in line with fluctuations in the lenders prevailing interest rates. Redemption Terms Please note there may be Early Redemption Penalties associated with this loan should you wish to repay it earlier than the stated term. Please check the attached illustration for details under the heading ERP. Fixed Rate Loan Fixed Rate Loans Please note that a reduction in interest rates during the fixed rate period could reduce the appeal of a fixed rate. At the end of you fixed interest rate period your mortgage will revert back to the lenders standard variable rate of interest. Please see the attached schedule of payments which gives an indication of how your monthly payments may change. Please also note that the illustration is not an exact quotation as we cannot predict what the standard variable rate will be when your fixed rate period ends. You indicated that you would like to fix your repayments for a given period to be sure of your financial commitments. You indicated that you are concerned about potential mortgage repayment changes and that a fixed rate mortgage would protect you from interest rate fluctuations. Please remember that fixed rate loans often have redemption penalties attached to them if the mortgage is redeemed during or even after the fixedrate period. Please ensure you check the early redemption penalty (ERP) information given on your illustration. Redemption Terms Please note there may be Early Redemption Penalties associated with this loan should you wish to repay it earlier than the stated term. Please check the attached illustration for details under the heading ERP. Discounted rate loan You indicated that you would like to keep your monthly repayments low for the initial stated period, whilst retaining the flexibility to reduce repayments should interest rates fall in the future. You understand that your monthly repayments will increase if standard variable interest rates increase, and that at the end of your discounted period, your mortgage will revert back to the lenders variable rate. As a result your mortgage payments will increase from their initial level. Please see figures on the attached payment schedule. You are aware that with a discounted rate mortgage, there maybe financial penalties if the mortgage is redeemed early. Please refer to the attached illustration under the heading ERP (Early Redemption Penalty). Please Note: The discount is for an initial term. The lenders standard variable rate upon which the discount is based may rise or fall and allowances should be made for this in future budgeting. Refer to your illustration for details and figures. The attached illustration is not an exact quotation as we cannot predict what the standard variable rate will be when your discounted rate period ends. The payments shown in the illustration reflect current market conditions. Redemption Terms Please note there may be Early Redemption Penalties associated with this loan should you wish to repay it earlier than the stated term. Please check the attached illustration fordetails under the heading ERP. Variable rate loan You indicated that you want the flexibility to be able to repay or part repay your mortgage without incurring penalties for repaying the loan early. Please note that exclusions to the above may apply if there are any mortgage incentives e.g. discounts or cashbacks. There are not normally any arrangement or booking fees payable to the lender for this type of procuct. Please check your illustration, as these fees may apply if mortgage incentives e.g. Cashbacks & Discounts are part of this product. You prefer to have a monthly repayment which will change in line with fluctuations in the lenders prevailing interest rates. Redemption Terms Please note there may be Early Redemption Penalties associated with this loan should you wish to repay it earlier than the stated term. Please check the attached illustration for details under the heading ERP.
