Mortgage is Portable, Mortgage is Flexible, 10% Overpayments allowed per year.

Your mortgage is portable. Please refer to The Mortgage Works ‘Guide to Mortgages’ for further information.

Further Advances: May be considered after a minimum of six full consecutive monthly payments have been made. Further advances subject to revaluation in all instances. The minimum amount for further advances is £2,500 (unless otherwise stated)

An overpayment is a payment that is in addition to the minimum payment you must make each month. The minimum payment is shown in Section 6.

You can make lump sum repayments of capital up to 10% of the mortgage, in each 12 month period from the date the mortgage starts until the end of the redemption tie in period without having to pay an early repayment charge. Amounts above this are subject to an early repayment charge (as detailed in Section 10).

After this date there are no restrictions on the amounts that you can overpay.

If you make an overpayment the amount you owe us will be reduced immediately, and the amount of interest you pay, will be reduced from the first day of the following month.

Restrictions apply to this mortgage and full details are available in the Mortgage Interest Rate leaflet.

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 : varies

Booking : varies

varies

None

Basic:

upto £100,000 - £365

upto £150,000 - £390

upto £200,000 - £430

upto £300,000 - £490

upto £400,000 - £555

upto £500,000 - £615

upto £600,000 - £695

upto £700,000 - £755

upto £800,000 - £795

upto £900,000 - £865

upto £1,000,000 - £910

upto £1,250,000 - £1125

upto £1,500,000 - £1275

upto £1,750,000 - £1475

upto £2,000,000 - £1675

Homebuyers:

upto £100,000 - £450

upto £150,000 - £535

upto £200,000 - £620

upto £300,000 - £720

upto £400,000 - £820

upto £500,000 - £930

upto £600,000 - £975

upto £700,000 - £1035

upto £800,000 - £1115

upto £900,000 - £1200

upto £1,000,000 - £1275

Min Valuation £50000

Valuation fee (where applicable) includes £150 application fee.

Where a product offers a free valuation, no payment is required. Where a product offers a refunded valuation fee, this will be refunded on completion less the £150 application fee.

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

Minimum arrangement fee £595.

Higher Lending Charges are calculated on the difference between 75% of the value of your home and the amount you wish to borrow.

Lenders Conveyancing Fee - £100.00 Payable on completion. A non refundable fee to your conveyancer for acting on behalf of The Mortgage Works (UK) plc payable before the mortgage starts. The figure quoted here is an estimate - the total fee for conveyancing may be higher. You should ask your conveyancer for further details.

Insurance Admin - £30.00 Payable on completion.

Sealing Fee - £145.00 Payable on redemption.

Telegraphic Transfer - £35.00 Added to loan.

Freehold Flat No

Purpose Built Flat Yes

Converted Flat Yes

Flat Over Shop Refer

Maisonette Yes

Studio Flat Refer

Flying Freehold Refer

Thatched Yes

Timber Framed Yes

Concrete No

Agricultural Tie Refer

Flat Over 4 Storeys Refer

Listed Building Refer

Not Accepted

New Build acceptable.

Properties over commercial premises may be considered (excluding restaurants, bars, takeaways, launderettes or pet shops), please refer to lender.

Ex-council properties may be considered, if in a building not exceeding 5 storeys with a maximum LTV of 75%

Studio flats may be considered, please refer to lender.

Properties with agricultural ties may be considered, please refer to lender.

Not available to Limited Companies.

Accepted Locations : England, Scotland, Wales

Bank Statements No

At Least 3 Months Pay Slips Yes

P60 Yes

Proof Of Residency Yes

Life Policy To Be Assigned No

Previous Lender References No

Buildings Conditional

Min Loan £25,001

Max Loan £750,000

Max Portfolio of BTL Loans none

Min Age 18 years

Max Age 75 years

Min Term 5 years

Max Term 35 years

Foreign nationals must be resident in the UK for at least three years prior to application and must have permanent right to reside.

Foreign nationals must have a UK bank account.

Buildings insurance, to cover the full cost of rebuilding your home.

You can arrange this through the lender or make your own arrangements. If you make your own arrangements A non-refundable Insurance Administration Fee of £30 will be deducted from the mortgage amount sent to our conveyancers at completion. This fee is not charged if the property is leasehold.

Foreign Citizens Refer

Ex-Patriates Not Accepted

Based on Income > 0

4.5 + 0 or 4.5 joint

Min months in current position none

Min months in continuous service 12

Min no. of years accounts 2

Average years taken to calculate income 1

Will consider declining profit Refer

If the commitment is for more than 12 months the annualised payments are deducted from income. If the commitment is for less than 12 months it is ignored.

Loan based on affordability

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 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 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 No

Car Allowance Add 100% to income before multiply

Remortgage Not Available

CCJs : Not Acceptable

Defaults : Not Acceptable

Arrears : Not Acceptable

Bankrupt : Not Acceptable

Current IVA : Not Acceptable

Repossession : Not Acceptable

- 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.