3.49% Tracker Capped at 5.99%

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3.49% Tracker Capped at 5.99% until 31/07/2013

(Subject to a 3.49% floor rate)

Up to £500,000 (Remortgage only LTV 75)

Mortgage is Portable

If you move house, you may continue with your existing mortgage product subject to meeting ITL Mortgages' lending policy at the time of the new application.

Free Legal

This product has a 3.49% payment floor.

This product has a capped rate of 5.99% until 31/07/2013

Please note, a valuation fee will be payable when porting your mortgage to a new property.

Only 1 payslip is required for all employed applicants. We reserve the right to request additional payslips and or P60's where we require further evidence of income. We require 3 months payslips for loans over 90% and referred applications.

All of these products are fully portable providing you are borrowing at least 75% of the original loan amount. Please note, a valuation fee will be payable when porting your mortgage to a new property.

Free valuation up to £600000

Free legals arranged via Fasttrac® Remortgage Transfer Service. This package includes all normal legal work relating to a standard mortgage.

You can make overpayments to reduce your original loan by up to 25% without incurring any early repayment charges. Any overpayments made in excess of this amount will be subject to the early repayment charges detailed in Section 10. Please note that the concession does not apply at all if the mortgage is fully repaid during early repayment charges period when the full early repayment charges will apply.

Overpayments of £2500 or more will reduce the amount on which we charge interest from the day of receipt. Your mortgage payments will be recalculated and you will be notified of the date from which your revised payments will take effect.

Overpayments of less than £2500 will reduce the amount on which we charge interest from the following month. Your mortgage payments will not be recalculated until there is a change to the mortgage (e.g. a rate change) at which time any overpayments that have been made will be included in the calculation.

This mortgage includes a facility for additional secured borrowing. You can apply for additional borrowing at any time. Approval will be subject to your circumstances, our lending criteria and product availability at the time of application.

THIS WILL INCREASE THE AMOUNT OF BORROWING SECURED ON YOUR HOME.

Capital Rest Period : Monthly

Repayment Yes

Endowment Yes

PEP Yes

Pension Yes

Interest only (no RV) Yes

With Profits Yes

Unit Linked Yes

ISA Yes

Split Repayment Yes

Arrangement : £699 Can be Added

Booking : £99 Upfront

2% of loan to be paid until 31/07/2012, Then 1% of loan to be paid until 31/07/2013

None

Basic:

Free

Homebuyers:

upto £50,000 - £260

upto £100,000 - £300

upto £150,000 - £340

upto £200,000 - £400

upto £250,000 - £440

upto £300,000 - £480

upto £350,000 - £520

upto £400,000 - £560

upto £450,000 - £600

upto £500,000 - £650

upto £600,000 - £740

upto £700,000 - £840

upto £800,000 - £940

upto £900,000 - £1040

upto £1,000,000 - £1140

upto £1,200,000 - £1340

upto £1,400,000 - £1540

upto £1,600,000 - £1740

upto £1,800,000 - £1940

upto £2,000,000 - £2140

Min Valuation £50000

The Arrangement fee shown is the Product fee which will be deducted from the loan on completion.

The reservation fee is payable on application and in non-refundable and cannot be transferred to another product or customer.

By paying the reservation fee the customer reserves a specific amount of money on a specific mortgage product for a period of up to 3 months from application

By paying the reservation fee the customer has secured the right to borrow their allocated funds, even if the product is withdrawn after their application received.

Higher Lending Charges are calculated on the difference between 75% of the value of your home and the amount you wish to borrow. Added fees will not be included in this calculation.

Mortgage Discharge Fee - £130.00 Payable on redemption.

Telegraphic Transfer Fee - £25.00 Added to loan. Can be added to loan if does not exceed product maximum LTV

Freehold Flat No

Purpose Built Flat Yes

Converted Flat Yes

Flat Over Shop Refer

Maisonette Yes

Studio Flat No

Flying Freehold Refer

Thatched Yes

Timber Framed Refer

Concrete Refer

Agricultural Tie No

Flat Over 4 Storeys Refer

Listed Building Yes

Max Discount% 100

Max Market Value% 75

New Build acceptable. New build (constructed within the last 12 months) Max LTV 70%

Purpose built flats/maisonettes max LTV 80% or max LTV per max product LTV

Converted Flats max 80% or max LTV per max product LTV

Flats - maximum LTV as per the maximum product LTV. This is capped at 85% LTV for any products whose maximum LTV exceeds 85%.

New Build Flats (constructed within the last 12 months) - Maximum LTV 60%

Purpose built - Minimum purchase price/valuation £100,000

Converted - Minimum purchase price/valuation £200,000

Please refer to lender for flats over shops, flats over 4 storeys, holiday or second homes.

The lender does not lend on following:

> DSS interest paid loans

> Shared ownership

> Bankrupts (discharged or not)

> Studio flats

> Equity release loans

> Commercial properties

> Student Lets

> Ex-local authority flats

> Agricultural ties

> Freehold flats or maisonettes

> Buy To Let for relative(s)

> Steel framed properties

Accepted Locations : England, Wales

Bank Statements 3 months

At Least 3 Months Pay Slips Yes

P60 Yes

Proof Of Residency Yes

Life Policy To Be Assigned No

Previous Lender References Yes

Buildings Conditional

Min Loan /Rmg £26,000

Max Loan /Rmg £500,000

Max Portfolio of BTL Loans none

Min Age 18 years

Max Age 70 years

Min Term 5 years

Max Term 40 years

MAX LTV ON NEW BUILD FLATS (BUILT WITHIN THE LAST 12 MONTHS) HAS BEEN RESTRICTED TO 60% LTV.

New build (constructed within the last 12 months) Max LTV 70%

Purpose built flats/maisonettes max LTV 80% or max LTV per max product LTV

Converted Flats max 80% or max LTV per max product LTV

Maximum age should be 65 years at the end of the mortgage, unless pension income can be proved, in which case refer.

Previous lenders reference: Last statement showing payments for a year in lieu of reference.

Latest payslip and P60 required.

First time buyers will need to provide 3 original bank statements, existing customers will not need to provide any bank statements.

Foreign Citizens Not Accepted

Ex-Patriates Not Accepted

Based on Income > 0

4 + 0 or 4 joint < 85% LTV

3.75 + 0 or 3.75 joint < 90% LTV

Based on Income > 30000

4.5 + 0 or 4.5 joint < 85% LTV

4.25 + 0 or 4.25 joint < 90% LTV

Min months in current position 6

Min months in continuous service 12

Min no. of years accounts 3

Average years taken to calculate income 3

Will consider declining profit Refer

50% of commission not exceeding 10% of salary proof not required.

BUY TO SHARE - Borrowers can 'rent a room' and use the income in addition to salary. A letter of intent to rent is required from the borrower.

This feature is available on all our residential mortgages for house purchases. Where an applicant rents out a bedroom(s) to a third party, ITL Mortgages will add £4,250 (the current maximum tax free allowance for rental income) to the applicants income before income multiples are applied. If there is a second lodger,

ITL Mortgages will add £6,375 (1.5 x £4,250) to the applicants income in total. It is only available on residential house purchases and we will require proof of the lodger(s) in the form of a signed letter of intent from the borrower(s). Minimum term of 6 months.

Minimum Income £10000

Hire Purchase Taken into account

Personal Loans Taken into account

Overdraft Taken into account

Credit/Store Cards Taken into account

Child Maintenance Taken into account

Child Education Taken into account

Extra Income:-

Other Income - Guaranteed Add 50% to income before multiply

Other Income - Regular Add 10% to income before multiply

Other Income - Irregular No

Investment Income No

Mortgage Subsidy Add 100% to income before multiply

Large Town Allowance Add 100% to income before multiply

Maintenance Payments No

Non Contributory Pension No

Car Allowance Add 100% to income before multiply

Capital Raising 75%

Home Improvements 75%

Debt Consolidation 75%

School Fees 75%

Holidays/Cars 75%

Buy Other Property 75%

Business Purposes 60%

Divorce Settlement 75%

Unencumbered 75%

CCJs : Acceptable, max number 2, max amount £ 500, must be satisfied for at least 12 months

Defaults : See CCJs

Arrears : Refer to lender

Bankrupt : Not Acceptable

Current IVA : Not Acceptable

Repossession : Not Acceptable

CCJ - satisfied at least 12 months, 2 CCJ's only max amount £500 with satisfactory explanation

Arrears - please refer to Lender

Applicants must provide an explanation as to the reasons for their adverse credit history.

- The Lender will judge customers with previous or existing adverse credit in a flexible manner and every case will be judged on its individual merits, along with the customer's ability to keep up repayments on the mortgage, taking into account his/her existing liabilities.

- The Lender will consider cases of financial difficulty and mortgage arrears sympathetically.

- The Lender follow the general principles of the Council of Mortgage Lenders' Statement of Practice on Handling Arrears and Possessions, including :

a) with your co-operation, developing a plan with you for dealing with your financial difficulties and clearing the arrears, consistent with both your interests and those of the Lender

b) possession of your property will be sought only as a last resort when attempts to reach alternative arrangements with you have been unsuccessful.