Up to £350,000 80% LTV (Rmg 80%)

Mortgage NOT portable

If you move house, you must repay the loan together with any early repayment charges and fees.

- Mortgage is NOT for First time buyers

- Mortgage is an EXCLUSIVE product

You can repay all or part of the Loan at any time before the end of the Term in accordance with the Conditions. However if you do repay all or part of the Loan before the end of the Term (by making either lump sum or regular overpayments) you must pay us the amount of (a) the early repayment charge calculated on the amount repaid and (b) our Expenses in connection with the early repayment (as detailed in the Conditions and our Tariff from time to time). Any repayment will be credited to your mortgage account on the day that cleared funds are received by us. For the purposes of working out the amount of interest which is owed by you, the Interest for the Interest Period in which the repayment is made will be recalculated and credit will be given for the number of days from receipt of repayment until the end of the Interest Period in which the repayment is received. This means that you will get the benefit of paying less Interest straight away.

Capital Rest Period : Daily

Repayment Yes

Endowment 80% LTV

PEP 80% LTV

Pension 80% LTV

Interest only (no RV) 80% LTV

With Profits 80% LTV

Unit Linked 80% LTV

ISA 80% LTV

Split Repayment Yes

Arrangement : Varies

Booking : None

Varies

None

Basic:

upto £250,000 - £300

upto £500,000 - £450

upto £750,000 - £600

upto £1,000,000 - £750

Min Valuation £90000

For properties valued over 1 million please refer to the Lender for the valuation fee.

Lenders Conveyancing Fee - £150.00 Payable on completion. A legal fee paid to your conveyancer before the loan starts which is not refundable. The figure quoted here is an estimate, the total fee may be higher

Redemption Administration Fee - £145.00 Payable on redemption.

Telegraphic Transfer - £35.00 Payable on completion.

Deeds Release Fee - £45.00 Payable on redemption.

Freehold Flat No

Purpose Built Flat Yes

Converted Flat Refer

Flat Over Shop No

Maisonette Yes

Studio Flat No

Flying Freehold No

Thatched Refer

Timber Framed Refer

Concrete No

Agricultural Tie No

Flat Over 4 Storeys No

Listed Building Refer

Not Accepted

Builder deposits up to 5% are accepted. The builder must be a major national or regional NHBC registered company.

Vendor deposits not accepted. Kensington will not consider shared ownership properties, freehold flats and maisonettes, flats above commercial properties, some properties of concrete construction, properties deemed defective under the Housing Defects Act 1984 and Housing Act 1995, properties containing mundic block materials and properties with agricultural restrictions

Kensington will lend up to 65% LTV on Wimpey No Fines & Laing Easiform houses.

New Build Flats not accepted

New Build max LTV 75%

Ex-Council Flats not accepted

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 £25,001/Rmg £25,001

Max Loan £350,000/Rmg £350,000

Max Portfolio of BTL Loans none

Min Age 21 years

Max Age 65 years

Min Term 5 years

Max Term 30 years

Full Status - Employed

Minimum months in current position 3

Full Status - Self Employed

1 years audited accounts and an accountant's certificate or self-assessment acceptance by Inland Revenue. Income multiples/full affordability assessment is applied to the last year's share of Net profit/income. In the case of directors of a limited company, the applicant's salary plus his share of Net profit, dividends and pension figure will be used.

A full credit bureau search will be conducted on all applicants.

The property must be adequately insured under an acceptable insurance policy.

The property must be adequately insured under an acceptable insurance policy. Where you are responsible for arranging this insurance and you do not arrange this insurance through Kensington Mortgages, a one-off fee of £40.00 may be payable. This fee will be debited to your mortgage account within the 6 months following completion.

Foreign Citizens Refer

Ex-Patriates Not Accepted

Based on Income > 0

Min months in current position 3

Min months in continuous service 3

Min no. of years accounts 1

Average years taken to calculate income 1

Will consider declining profit No

Lending in Probation period is not acceptable.

Minimum Income £25000

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 100% 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 100% to income before multiply

Non Contributory Pension Add 100% to income before multiply

Car Allowance Add 100% to income before multiply

Capital Raising 80%

Home Improvements 80%

Debt Consolidation 80%

School Fees 80%

Holidays/Cars 80%

Buy Other Property 80%

Business Purposes 80%

Divorce Settlement 80%

Unencumbered 80%

CCJs/Defaults : Accept:

1) There must be no Defaults in the last 24 months. This condition does not incur any rate loading.

2) There must be no CCJs in the last 24 months. This condition does not incur any rate loading.

Ignore:

1) CCJs registered 24 months ago or over.

2) Defaults registered 24 months ago or over.

Arrears : Accept:

1) No arrears (paid or unpaid) in the last 24 months. This condition does not incur any rate loading.

Bankruptcy/IVAs : Bankruptcy/IVA not accepted.

Repossessions : Not accepted.

CCJ's/Arrears/Defaults - 0 in the last 24 months