Up to £350,000 75% LTV (Rmg 75%)

Mortgages are Portable, Mortgages are Flexible, Under payments allowed, Overpayments allowed.

If you move house and the lender is able to offer you a new loan, you can keep this mortgage product and you will not have to pay an early repayment charge if you transfer the balance and the terms of this product to the new loan for the remainder of the Benefit Period. This product may not be available for any additional borrowing above the balance transferred when completing your new mortgage. This does not guarantee acceptance of any future loan application.

Product is not CAT standard.

Payment Holidays Allowed. When you have built up an overpayment reserve, you have the option to use this reserve to apply for a payment holiday from your normal monthly payment provided that you have sufficient overpayment funds.

Borrow Back Allowed. When you have built up an overpayment reserve, you have the option to use this reserve to Borrow Back for any purpose. If you choose to borrow back, your outstanding balance and monthly payments will be recalculated on the day the sum was borrowed back.

You may make overpayments on request to UCBHL. Overpayments will be applied to your Overpayment Reserve unless a Lump Sum Payment of the Balance is requested.

An Early Repayment Change on full overpayment amount, as specified in section 10, will apply if you fully repay the mortgage, transfer to another product or make overpayments in excess of £500 per calendar month during the benefit period.

Lump Sum Payments must be received at least 9 days prior to your monthly payment date to affect the following month's payment.

Unless UCBHL decides to apply any lump sum received in any other order, Lump Sum Payments will be applied in the following order to pay:

1) Any outstanding fees, costs, charges applied to the account.

2) Any other arrears or interest on arrears shown on the account.

3) Capital.

Borrow Backs may be requested by giving a minimum of 5 working days notice. The minimum withdrawal from the Overpayment Reserve is £500. Any Overpayment or Lump Sum Payment requires 6 working days notice to clear before they can be Borrowed Back. UCBHL reserves the right to refuse to allow further Borrow Back if any of the events of Defaults listed in section six of the Terms and Conditions occur.

The monthly Payments specified are calculated on the Balance on your mortgage account at completion. Following Borrow back or Lump Sum Payments the balance on your account will change and your Monthly Payments will be altered accordingly.

By prior arrangement you may make Underpayments or take Payment Holidays subject to you having an overpayment Reserve balance equal to or greater than the request.

When you have built up an overpayment reserve, you have the option to use this reserve to reduce your monthly payment

until you have used up the value of your reserve.

Let to Buy : Accepted

Capital Rest Period : Daily

Repayment Yes

Endowment Yes

PEP Yes

Pension Yes

Interest only (no RV) Yes

With Profits Yes

Unit Linked Yes

ISA Yes

Split Repayment Yes

None

Basic:

upto £100,000 - £280

upto £200,000 - £330

upto £300,000 - £400

upto £400,000 - £480

upto £500,000 - £530

upto £600,000 - £580

upto £700,000 - £630

upto £800,000 - £690

upto £900,000 - £730

upto £1,000,000 - £780

Homebuyers:

upto £100,000 - £470

upto £200,000 - £560

upto £300,000 - £665

upto £400,000 - £780

upto £500,000 - £850

upto £600,000 - £985

upto £700,000 - £1090

upto £800,000 - £1200

upto £900,000 - £1320

upto £1,000,000 - £1450

Min Valuation £75000

The valuation fee covers the property valuation and a processing fee of £100. A cheque for the valuation fee, made out to UCB Home Loans Corporation Limited, should accompany the application and is non refundable if the valuation is carried out.

Credit card and debit card payments are also acceptable.

For property valuations over £1 million please refer to Lender for the valuation fee.

Please refer to the Lender for any additional fees which may be charged post completion or final redemption such as Deeds Release/Sealing/Admin fees.

Added fees will not be included in this calculation.

Redemption Administration Fee - £90.00 Payable on redemption.

Solicitors Fee - £126.00 Payable on completion. This fee is an estimated figure and is paid to your conveyancer.

Funds Release Fee - £35.00 Payable on completion.

Freehold Flat No

Purpose Built Flat Yes

Converted Flat Yes

Flat Over Shop Refer

Maisonette Yes

Studio Flat Yes

Flying Freehold Refer

Thatched Yes

Timber Framed Yes

Concrete Refer

Agricultural Tie Refer

Flat Over 4 Storeys Refer

Listed Building Yes

Not Accepted

Flats above commercial properties are not normally acceptable.

For properties with land in excess of 5 acres an Agreement in Principle must be obtained from us prior to submitting a full application.

The Lender only deals with timber framed homes built before 1960, please refer to lender for timber framed homes.

Current or ex-local authority/housing association leasehold houses and maisonettes are normally acceptable subject to valuers comments and confirmation that the property is suitable security. Ex-local authority flats are not normally acceptable.

Second homes are only available on Residential products.

Self-contained units are not acceptable.

Refer to lender if there are more than 8 bedrooms, more than 1 kitchen and blocks of flats above 4 storeys.

Let to Buy purchase at residential rates.

Accepted Locations : England, Scotland, Wales, N Ireland

Bank Statements No

At Least 3 Months Pay Slips No

P60 Yes

Proof Of Residency Yes

Life Policy To Be Assigned No

Previous Lender References Yes

Buildings Conditional

Min Loan £25,001/Rmg £25,001

Max Loan £350,000/Rmg £350,000

Max Portfolio of BTL Loans £3,000,000

Min Age 21 years

Max Age 100 years

Min Term 5 years

Max Term 40 years

Foreign Citizens Not Accepted

Ex-Patriates Not Accepted

Based on Income > 0

4 + 1 or 3.25 joint

Min months in current position 6

Min months in continuous service 12

Min no. of years accounts none

Average years taken to calculate income 1

Will consider declining profit Yes

All lending decisions are based on a credit scoring system and credit bureau searches, this applies to all applicants over at least the last 3 years.

Minimum Income £20000

Hire Purchase Taken into account

Personal Loans Taken into account

Overdraft NOT Taken into account

Credit/Store Cards Taken into account

Child Maintenance Taken into account

Child Education NOT Taken into account

Extra Income:-

Other Income - Guaranteed Add 100% to income before multiply

Other Income - Regular Add 100% to income before multiply

Other Income - Irregular Add 100% to income before multiply

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 No

Non Contributory Pension No

Car Allowance No

Capital Raising 75%

Home Improvements 75%

Debt Consolidation 75%

School Fees 75%

Holidays/Cars 75%

Buy Other Property 75%

Business Purposes 75%

Divorce Settlement 75%

Unencumbered 75%

Capital raising is not acceptable for new business start-ups, consolidation of bad debts, payment of income tax demands/bills and purchase of timeshare properties.

CCJs : Not Acceptable

Defaults : Not Acceptable

Arrears : Not Acceptable

Bankrupt : Not Acceptable

Current IVA : Not Acceptable

Repossession : Not Acceptable

All applicants' credit bureau searches must be clear.

- 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.