Up to £500,000 90% LTV

Mortgage is Portable, Mortgage is Flexible, Overpayments allowed.

This mortgage is portable. If you move house when the lender is charging interest at a special rate, you can transfer the outstanding amount of the special rate loan for the remaining special rate period on the same terms to a new Intelligent Finance mortgage subject to certain conditions, These are set out in the Intelligent Finance conditions 2008, which will be sent to you with your mortgage offer.

Alternatively, you can choose from Intelligent Finance's range of mortgage products available at that time.

The loan amount must be based on affordability instead of income multiples, please refer to Intelligent Finance for details.

Product is not CAT standard.

Payment Holidays Allowed. You can take a payment holiday on this mortgage at any time unless: you have already taken 2 payment holidays in the same calendar year; we are charging interest at a fixed rate on any part of the mortgage debt; you are in the first 6 months or last 3 years of your mortgage term; or any of the key restrictions on Intelligent Finance's flexible mortgages apply, which will be set out in section 12 of your mortgage offer. We will add the interest element of any missed regular mortgage payment to the mortgage debt. You will have to repay it and the additional interest due on it over the remaining mortgage term. THIS WILL MEAN THAT YOUR REGULAR MORTGAGE PAYMENT WILL GO UP. If you have more than one part to your mortgage and wish to take a payment holiday, you must take a payment holiday on all parts.

Borrow Back Allowed. Intelligent Finance calls this a 'built-up reserve'. It is the amount you build up by paying more than your regular mortgage payment. You can borrow all or part of the built-up reserve at any time unless:

You have not borrowed all of the pre-agreed reserve on this mortgage.

You are in the last 3 years of your mortgage term.

The amount you ask us for is less than £1,000, or any of the key restrictions on Intelligent Finance's flexible mortgages apply, which will be set out in section 12 of your mortgage offer.

Any built-up reserve you borrow will be charged at a variable rate which is the same as Intelligent Finance's offset variable mortgage rate.

USING THE BUILT-UP RESERVE WILL MEAN THAT YOUR REGULAR MORTGAGE PAYMENT AND THE AMOUNT SECURED ON YOUR PROPERTY WILL GO UP.

Linked Current Account. You can but do not have to have a current account jar in the same Intelligent Finance plan as your mortgage. We have different interest rates for current account depending on whether the current account is overdrawn or not (and, if it is, whether the overdraft is arranged.)

If you have money in a current account jar in the same Intelligent Finance plan as your mortgage, you can choose to minimise the interest you pay us (we call this option 1) or maximise the interest we pay you (we call this option 2). We explain how in the Intelligent Finance conditions 2008, which will be sent to you with your mortgage offer.

Option 1 – By offsetting you choose not to receive any interest on the balances of your current account and/or savings. In return, you pay interest on the equivalent amount on your mortgage.

You can choose to benefit from Option 1 in one of the following ways:

Shorter Term - Your regular mortgage payment will not be affected by offsetting. Instead the interest will be used to reduce your mortgage debt and may result in your mortgage being repaid early.

Lower Payments - Offsetting will reduce your regular mortgage payment. Any interest saved in one month will be used to reduce the amount of your next mortgage payment.

Reduced Debt - The interest saved by offsetting will be used to reduce your mortgage debt. Your regular mortgage payment will be recalculated at certain trigger points throughout the life of your mortgage.

Option 2 – By offsetting you choose to receive interest on your current and/or savings account balances at the same rate as your borrowing. Any portion of your current account and/or savings account balances that are greater than your borrowings will still receive interest at the usual rate.

Linked Savings/Offset Account. You can but do not have to have a savings jar in the same Intelligent Finance plan as your mortgage.

If you have money in a savings jar in same Intelligent Finance plan as your mortgage, you can choose to minimise the interest you pay on offset debit balances (option 1) or maximise the interest you receive on offset credit balances (option 2). This works in the same way for linked savings account as it does for current accounts.

This mortgage allows you to make both regular and lump sum overpayments, during the special rate period. Any regular or lump overpayments which result in you paying off your special rate loan early will incur a special rate early repayment charge.

For details of any early repayment charges (including special rate early repayment charges) applicable as a result of paying off your mortgage early, please refer to Section 10, Early repayment charges.

Any regular or lump sum overpayment you make will reduce your mortgage debt. You will get the benefit of this straight away because it will reduce the amount of interest that you have to pay. It will not, however, trigger the setting of a new regular mortgage payment.

Regular active overpayments or lump sum active overpayments will not trigger the setting of a new regular mortgage payment, unless you have chosen Lower Payments as your mortgage payment option. In this case, lump sum active overpayments will trigger the setting of a new regular mortgage payment.

This mortgage includes a facility for additional secured borrowing. Intelligent Finance calls this a 'pre-agreed reserve'. We will set out the amount of any pre-agreed reserve we are prepared to offer you in our mortgage offer. If you have not borrowed all of the pre-agreed reserve within the period we say it is available, Intelligent Finance may extend its availability for a further period or may withdraw it.

You can borrow all or part of the pre-agreed reserve at any time unless:

The amount you ask us for is less than £1,000, or.

Any of the key restrictions on Intelligent Finance’s flexible mortgages apply, which will be set out in section 12 of your mortgage offer.

Any pre-agreed reserve you borrow will be charged at a variable rate which is the same as Intelligent Finance's offset variable mortgage rate.

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

If you borrow the pre-agreed reserve and then repay the original loan early, this will not mean that you have to repay the pre-agreed reserve that you have borrowed straight away.

Capital Rest Period : Daily

Repayment Yes

Endowment Yes

PEP Yes

Pension Yes

Interest only (no RV) No

With Profits Yes

Unit Linked Yes

ISA Yes

Split Repayment Yes

None

Basic:

upto £50,000 - £240

upto £100,000 - £280

upto £150,000 - £315

upto £200,000 - £355

upto £300,000 - £430

upto £400,000 - £500

upto £500,000 - £565

upto £600,000 - £620

upto £700,000 - £680

upto £800,000 - £735

upto £900,000 - £790

upto £1,000,000 - £845

upto £1,200,000 - £960

upto £1,400,000 - £1070

upto £1,600,000 - £1185

upto £1,800,000 - £1295

upto £2,000,000 - £1410

upto £2,200,000 - £1520

upto £2,400,000 - £1635

upto £2,600,000 - £1745

upto £2,800,000 - £1860

upto £3,000,000 - £1970

upto £3,200,000 - £2085

upto £3,400,000 - £2195

upto £3,600,000 - £2310

upto £3,800,000 - £2420

upto £4,000,000 - £2535

upto £4,200,000 - £2645

upto £4,400,000 - £2760

upto £4,600,000 - £2870

upto £4,800,000 - £2985

upto £5,000,000 - £3095

Homebuyers:

upto £50,000 - £460

upto £100,000 - £460

upto £150,000 - £490

upto £200,000 - £540

upto £300,000 - £660

upto £400,000 - £790

upto £500,000 - £930

upto £600,000 - £1070

upto £700,000 - £1210

upto £800,000 - £1350

upto £900,000 - £1490

upto £1,000,000 - £1630

upto £1,200,000 - £1830

upto £1,400,000 - £2030

upto £1,600,000 - £2215

upto £1,800,000 - £2430

upto £2,000,000 - £2630

upto £2,200,000 - £2830

upto £2,400,000 - £3030

upto £2,600,000 - £3230

upto £2,800,000 - £3430

upto £3,000,000 - £3630

upto £3,200,000 - £3830

upto £3,400,000 - £4030

upto £3,600,000 - £4230

upto £3,800,000 - £4430

upto £4,000,000 - £4630

upto £4,200,000 - £4830

upto £4,400,000 - £5115

upto £4,600,000 - £5230

upto £4,800,000 - £5430

upto £5,000,000 - £5630

For properties valued over £5million please refer to Intelligent Finance for the valuation fee.

Using our Current Account Transfer Service

Making regular monthly deposits of a minimum £1,000 per month into their current account, for example a mandated salary

Maintaining a savings balance of at least 2% of their mortgage balance

To qualify simply place a savings and/or current account application on the same business day as the offset mortgage application.

Lender Conveyancing Fee - £152.75 Payable on completion. Payable to a conveyancer before the mortgage starts. The figure quoted here is an estimate of the fee the conveyancer may charge for representing Intelligent Finance in connection with the mortgage and only covers part of the costs of the legal work involved in buying

the property, the total fee for conveyancing may be higher.

Mortgage Funds Release Fee - £25.00 Added to loan.

Deeds Despatch Fee - £40.00 Payable on redemption.

Mortgage Discharge Fee - £0.00 Payable on redemption. Please note we will no longer charge a mortgage discharge fee for new customers who go to formal offer on or after 29th July 2007

Freehold Flat Refer

Purpose Built Flat Yes

Converted Flat Refer

Flat Over Shop Refer

Maisonette Yes

Studio Flat Refer

Flying Freehold Refer

Thatched Refer

Timber Framed No

Concrete Refer

Agricultural Tie Refer

Flat Over 4 Storeys Refer

Listed Building Refer

Not Accepted

New Build acceptable.

Accepted Locations : England, Scotland, Wales, N Ireland

Bank Statements 1 months

At Least 3 Months Pay Slips No

P60 No

Proof Of Residency Yes

Life Policy To Be Assigned No

Previous Lender References Refer

Buildings Conditional

Min Loan £100,000

Max Loan £500,000

Max Portfolio of BTL Loans none

Min Age 18 years

Max Age 65 years

Min Term 5 years

Max Term 47 years

Foreign Citizens Not Accepted

Ex-Patriates Not Accepted

Based on Income > 0

5 + 1 or 4.5 joint

Min months in current position none

Min months in continuous service none

Min no. of years accounts 1

Average years taken to calculate income 1

Will consider declining profit No

Fast Track Criteria: Self Employed Customers for loans up to £500k,and borrowing up to 85% LTV. Employed Customers for loans up to £500k, and borrowing up to 90% LTV.

Intelligent Finance reserve the right to ask for income verification on any application made.

Lending is based on affordability although as a guide we work to a max lending of 4.5x joint income multiple and 5x single income.

Intelligent Finance accept 100% of guaranteed additional income from bonuses, overtime and commission.

Intelligent Finance accept 60% of regular additional income from bonuses, overtime and commission, however if more than 60% is required, it will be referred to our appeals team for further consideration.

Intelligent Finance accept 50% of Maintenance Payments when clarified with legal documentation e.g. court order or solicitor's letter.

Hire Purchase Refer to lender

Personal Loans Refer to lender

Overdraft Refer to lender

Credit/Store Cards Refer to lender

Child Maintenance Refer to lender

Child Education Refer to lender

Extra Income:-

Other Income - Guaranteed Add 100% to income before multiply

Other Income - Regular Add 60% to income before multiply

Other Income - Irregular No

Investment Income Add 100% to income before multiply

Mortgage Subsidy Add 100% to income before multiply

Large Town Allowance Add 100% to income before multiply

Maintenance Payments Add 50% to income before multiply

Non Contributory Pension Add 100% to income before multiply

Car Allowance Add 100% to income before multiply

CCJs : Refer to lender

Defaults : Refer to lender

Arrears : Refer to lender

Bankrupt : Not Acceptable

Current IVA : Not Acceptable

Repossession : Not Acceptable

- 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 follows 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.