6.95% Variable

Upto £300,000 95% LTV

Upto £400,000 90% LTV

Upto £ (max) 75% LTV

Mortgage is Portable, Mortgage is Flexible, Under payments allowed., Overpayments allowed.

As long as the new property and the amount you are looking to borrow is acceptable to The One account you can continue with your One account and simply secure it against your new house.

The One Accounts' Flexible Mortgage Option will calculate the LTV applicable to an application based on the customers borrowing request plus any fees that may apply to the product, such as an arrangement fee. You will need to review your clients requirements in light of this, taking into account the product tiers that apply, and that the maximum borrowing is limited to 95% LTV.

The 'One Account' features current account benefits like a Visa, Switch and a cheque book. Any borrowing will be charged at the same interest rate as the mortgage.

All existing loans, credit cards can be consolidated and will be charged at the same rate as the mortgage.

Fast track is available for applications up to and including 75% LTV AND for

maximum loan of £500,000 AND where the customer is a UK resident and a UK

national.

Please refer to the application tab notes for application packaging requirements.

Any mortgage arranged through The One Account must be secured on the Client's Main Residence

For split loans the term must be the same on both the interest only and repayment elements.

All loans arranged on interest only must have a suitable plan in place to repay the capital by the end of the term. We do insist that the investment plan covers the full interest only amount and is identified on the application form. For applications in excess of £1m evidence of repayment vehicle will be required.

Product is not CAT standard.

Payment Holidays Allowed. If you wish, you can miss your monthly payments completely. As with underpayments, interest is always applied to the account each month and of course, you’ll still need to repay your borrowing by the end of the mortgage term.

Borrow Back Allowed. You can make additional payments at any time to reduce your borrowing. You can borrow back these payments at any time, provided you do not exceed your facility.

Linked Current Account. Using the One account as a current account.

You can run all your banking through your One account. You’ll get a chequebook to access your account together with a debit card and a VISA card.

Running your monthly income through the account reduces your borrowing and saves you interest. For more details, please ask The One Account for a savings illustration.

Linked Savings/Offset Account. Using the One account as a savings account.

Paying any savings into the One account reduces your borrowing and saves you interest. You can withdraw your savings at any time without penalty and without needing to ask permission.

For more details, please ask The One Account for a savings illustration.

You can make lump sum or regular overpayments at any time, there are no restrictions.

Paying extra money into your One account keeps your borrowings to a minimum and with interest calculated on what you owe each day, any overpayments immediately reduce your monthly interest bill.

With the One account you are not tied to a fixed monthly mortgage payment. Interest is always applied to your account each month, but it’s up to you how quickly or slowly you repay your borrowing. You’ll need to ensure that your borrowing does not exceed your facility and that you repay it by the end of the mortgage term. When you open your One account you’ll agree a repayment guide and your monthly statement will show how you are doing against this guide.

This mortgage includes a facility for additional secured borrowing. You can discuss an increase in your facility at any time, just call The One account flexible mortgage option and we’ll talk through the steps.

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

With the One account you’ll get a VISA card. Any payment made on this card will be debited from your account once a week. This card will not give you a number of statutory rights associated with traditional credit cards. Your mortgage offer will tell you more about the differences.

A mortgage credit card is provided with this mortgage.

Capital Rest Period : Daily

Repayment Yes

Endowment Yes

PEP Yes

Pension Yes

Interest only (no RV) Yes

With Profits No

Unit Linked Yes

ISA Yes

Split Repayment Yes

Arrangement : None Upfront

Booking : None

None

None

Basic:

upto £100,000 - £140

upto £250,000 - £200

upto £500,000 - £320

upto £750,000 - £540

upto £1,000,000 - £670

upto £1,500,000 - £950

upto £2,000,000 - £1400

Homebuyers:

upto £100,000 - £280

upto £250,000 - £400

upto £500,000 - £590

upto £750,000 - £820

upto £1,000,000 - £990

upto £1,500,000 - £1400

upto £2,000,000 - £2350

Special:

upto £100,000 - £560

upto £250,000 - £705

upto £500,000 - £880

upto £750,000 - £1230

upto £1,000,000 - £1525

upto £1,500,000 - £2350

upto £2,000,000 - £3525

The lender will add the TT fee to the loan upon completion of the mortgage application.

Fee to Release funds - £30.00 Added to loan.

Lender Conveyancing Fee - £117.50 Payable on completion. The Lender Conveyancing Fee is the cost of legal work carried out for us as the lender and not the overall solicitor's fees for the whole transaction. The figure shown here is an estimate based on the average fee charged. Please check the actual charges with your chosen solicitor as they may vary depending on the property.

Freehold Flat Yes

Purpose Built Flat Yes

Converted Flat Yes

Flat Over Shop Yes

Maisonette Yes

Studio Flat Yes

Flying Freehold Yes

Thatched Yes

Timber Framed Yes

Concrete Refer

Agricultural Tie Yes

Flat Over 4 Storeys Yes

Listed Building Yes

Not Accepted

New Build acceptable. For new build property purchases, the lender will require a valuation to be undertaken by one of our panel valuers.  If the property has not been completed, the valuation may be completed on the plans, the plot or the partially built property;  in such cases the lender will require the solicitors instructions to include a completion / habitation certificate to be in place when requesting the funds.

Freehold/studio flats, maisonettes, and flats over shops acceptable subject to suitable service contracts being in place and subject to valuers consent.

Self Build - Mortgages available on properties that were originally self-build but not available from outset.

Agricultural tie up to 50% LTV.

Flats up to 5 storeys acceptable, please refer to The One Account for over 5 storeys.

Accepted Locations : England, Scotland, Wales

Bank Statements 3 months

At Least 3 Months Pay Slips No

P60 No

Proof Of Residency Yes

Life Policy To Be Assigned No

Previous Lender References No

Buildings Conditional

Min Loan £30,000

Max Loan

Max Portfolio of BTL Loans none

Min Age 18 years

Max Age 70 years

Min Term 5 years

Max Term 52 years

Foreign Citizens Refer

Ex-Patriates Refer

Based on Income > 0

4.9 + 0 or 4.9 joint < 95% LTV

Min months in current position 1

Min months in continuous service 6

Min no. of years accounts 2

Average years taken to calculate income 2

Will consider declining profit No

The lender will assess all applications on an affordability basis .

Hire Purchase Taken into account

Personal Loans Taken into account

Overdraft Refer to lender

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 No

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 : Refer to lender

Defaults : Refer to lender

Arrears : Refer to lender

Bankrupt : Refer to lender , min months Discharged 36

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 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.